Do TfL own the buses?

The London Underground is operated entirely by TfL, but buses, trams and the London Overground are franchised, so while TfL oversees fares, routes and timetables, competitive contracts are awarded to operators to run services, which includes hiring staff and buying or leasing vehicles.



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256. Paragraph 1 of Schedule 10 provides that TfL is not to be regarded as the servant or agent of the Crown or as enjoying any status, immunity or privilege of the Crown and its staff and property are not to be regarded as civil servants or property of the Crown.

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The average Transport for London salary ranges from approximately £27,699 per year for Administrative Assistant to £73,565 per year for Software Engineering Manager. The average Transport for London daily wage ranges from approximately £80.00 per day for Business to £391 per day for Senior Data Modeler.

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This rating has decreased by -1% over the last 12 months. How satisfied are employees working at TfL? 86% of TfL employees would recommend working there to a friend based on Glassdoor reviews. Employees also rated TfL 3.8 out of 5 for work life balance, 3.7 for culture and values and 3.6 for career opportunities.

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TfL lost 95% of its fares income when the pandemic hit, and while passenger numbers on the Tube have recovered to roughly 65% of normal use, the transport body continues to struggle because “many commuters have not returned to a five-day week while there are few international tourists”, said the Standard.

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London Underground becomes a wholly-owned subsidiary of TfL.

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An example of a Natural Monopoly would be The London Underground. The cost of digging and maintaining the tunnels in this industry is extremely high. Therefore the industry can only have one firm providing this service.

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The highest amount of pay was given to Jim Crawford, Crossrail's Chief Programme Officer, who earned £499,447.

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