Is TfL in financial trouble?

Total debt (including leases) decreased in the quarter from some small maturities of existing borrowing, which have been refinanced. Our Budget for 2023/24 is to deliver an operating surplus of £79m, demonstrating our achievement of financial sustainability.



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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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The pandemic is the only reason TfL is facing a financial crisis and it has worked hard to progress all conditions placed on them by the government. TfL has already been making every efficiency saving it can to try to save services, cutting annual running costs by £1bn over the last five years.

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As set out in Transport for London's Quarter 3 (Financial year 2018/19) performance report, available online at https://tfl.gov.uk/corporate/publications-and-reports/quarterly-progress-reports, the current total debt is £11.6 billion, of which £10.3 billion is long term debt.

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In addition, it does not affect your credit rating in any way. You have the right to challenge the registration of the debt by making an application to file (dependant on the type of contravention), either a Statutory Declaration or Witness statement, Out of Time.

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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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Charges if you don't touch in and out If you don't touch in and out, we can't tell where you've travelled from or to, so your journey will be incomplete. Maximum fares don't count towards capping. If you don't touch in, you may be charged a penalty fare.

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Answer. TfL uses a network of around 1,000 cameras for enforcement activity on the Transport for London Road Network. TfL does not record continuous footage for a number of reasons.

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TfL has an overall rating of 3.8 out of 5, based on over 47 reviews left anonymously by employees. 86% of employees would recommend working at TfL to a friend and 57% have a positive outlook for the business.

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