Fewer passengers forces London transport authority to ditch some of its tube upgrade plansTransport for London (TfL) has insisted it is not facing a financial crisis despite planning for a near £1bn deficit next year after a surprise descend in passenger numbers.
The capital’s transport authority has shelved some tube upgrade plans, with its finances under pressure since the axing of a grant from the UK government worth £700m a year.
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Source: guardian.co.uk