On Wednesday afternoon Transport For London said discussions with the DfT were “ongoing” and repeated calls for £927million to get through the rest of the year, as well as a long-term funding deal.
The company also accused unions of ‘undermining’ its bailout deal negotiations with further threats of strike action, which are planned for later this month.
The Evening Standard’s Political Reporter Rachael Burford explains what could happen next as discussions continue.
And CEO of Centre For London Nick Bowes discusses how the situation has become so dire for TfL, and gives his predictions for what might happen next.
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