TfL has had its emergency funding extended until 13 July - but the government has threatened to pull the plug unless its relationship with TfL was 'reset'.
The government has paid out nearly £5bn in bailouts since the coronavirus pandemic began
Grant Shapps says the government has agreed to extend TfL's current emergency agreement until 13 July.But Mr Shapps said in a letter no more long-term funding would be given unless its relationship with TfL was "reset". "Time is running out and that is why I am once again urging the government to meet with me so that we can finally agree a sustainable, long-term funding deal that will protect not only London's economic recovery, but that of the whole country."
Mr Khan previously warned that a lack of long-term funding meant an entire Tube line could close and bus services could be cut by a fifth.
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