IEA analyst responds to £200 million Transport for London bailout
25 February 2022
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Press Release
Press Release
Energy and Environment
22 November 2024
Andy Mayer, energy and infrastructure analyst at free market think tank the Institute of Economic Affairs, said:
“With the end of pandemic there is no good reason for the government to continue to subsidise Transport for London’s operating costs. Ending such support by 2018 was the policy of the 2015 administration.
“It is for the London authorities to encourage commuters back onto services, and if they cannot, then service reductions and higher fares must follow.”ENDS
Notes to editors
Contact: Emily Carver, Head of Media, 07715 942 731
IEA spokespeople are available for interview and further comment
“With the end of pandemic there is no good reason for the government to continue to subsidise Transport for London’s operating costs. Ending such support by 2018 was the policy of the 2015 administration.
“It is for the London authorities to encourage commuters back onto services, and if they cannot, then service reductions and higher fares must follow.”ENDS
Notes to editors
Contact: Emily Carver, Head of Media, 07715 942 731
IEA spokespeople are available for interview and further comment
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