Thread by @ShaunBaileyUK

WHAT YOU NEED TO KNOW ABOUT TFL’S SECOND BAILOUT

For the second time this year, TfL has run out of money.

So once again, the government are bailing @SadiqKhan out.

This £1.7 billion bailout covers the cost of Covid — but not the cost of @SadiqKhan’s mismanagement.

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.@SadiqKhan racked up £9.56bn in waste over 4 years.

That’s SIX TIMES the cost of Covid, which cost £1.6bn in lost fares.

The bailout does NOT force Khan to extend the congestion charge, despite what he claimed. But if he wants to bring back services, he needs to cut waste

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He could end free travel for friends of TfL staff, which has cost £159 million.

He could reform TfL’s pension system, which has cost £828 million.

He could end Crossrail delays, which have cost £5.25 billion.

He could cut executive pay, which has grown by £58 million.

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But so far, @SadiqKhan hasn’t cut waste. Instead, he’s raised charges and cut services.

Last year, he decided to raise fares.

This year, he raised the congestion charge to £15 a day, cut the Freedom Pass and closed the Waterloo & City Line.

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By cutting the £9.56 billion of wasteful spending, we could reintroduce the Freedom Pass. We could reverse the congestion charge hike. And we could reopen the Waterloo & City Line.

So why won’t @SadiqKhan make these savings?

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Londoners have the right to an efficient transport network. And it’s the Mayor’s job to deliver it.

So @SadiqKhan needs to stop playing politics and start cutting the £9.56 billion of waste he racked up over the last four years.

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