Khan: TfL will be forced to cut services without urgent Government funding

The transcript discusses the financial challenges faced by Transport for London (TfL) due to a lack of government funding and a significant drop in passenger numbers. TfL's budget is approximately £10 billion, but recent weeks have seen a drastic reduction in ridership, with only 5% of usual tube passengers and 15% of bus passengers. This decline is attributed to efforts to manage a virus outbreak. As a result, TfL has lost hundreds of millions in revenue and urgently requires a government deal to continue operations effectively.

What financial impact has the virus had on the transport system's revenues?

What is the potential consequence mentioned if a deal from the government is not reached?