11 June 2025
London TravelWatch statement following today’s Spending Review (11 June):
The four-year funding settlement for Transport for London in the Chancellor’s Spending Review today is a welcome step forward in giving greater stability to TfL’s finances and allowing current projects, such as the introduction of new trains on the Piccadilly line and DLR, to be completed.
But the lack of extra funding for key projects such as the DLR and Bakerloo line extensions and the West London Orbital rail link is disappointing – and it is unclear whether the £2.2billion allocated will be enough to enable TfL to make good past under-investment in maintaining and renewing the existing network.
We look forward to seeing further details in the coming weeks.
