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10 Mar 22
A judge has ruled in favour of Greater Manchester mayor Andy Burnham’s plan to bring bus services back under public control after two companies brought a judicial review against the plans.
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25 Feb 22
Transport for London has agreed a new three-month £200m funding package with the government, to help keep services running while a long-term settlement is arranged.
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25 Feb 22
The former operator of London and South Eastern Railway has returned £50m of funding overpayments to central government - more than £25m originally estimated.
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21 Feb 22
The government has agreed to extend Transport for London’s support package until the end of this week, as the network seeks an agreement on a long-term funding settlement.
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25 Nov 21
Mayors and council leaders in the Northern England are seeking discussions with the government to revive plans for a high-speed rail link to Leeds through a mechanism to capture rises in land values.
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16 Jun 21
Transport for London’s finances have been “durably and materially weakened” by Covid-19, ratings agency Moody’s said as it downgraded the body's rating for the second time since the start of the...
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20 May 21
Five-year business plans by a new oversight body, Great British Railways, will inform government decisions on funding for the rail sector under a shake-up of the system announced by the government.
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26 Mar 21
The Greater Manchester Combined Authority’s decision to press ahead with a £135m franchising plan is premature, according operators bringing a legal challenge.
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22 Mar 21
The government has confirmed hundreds of millions of extra pounds in emergency Covid-19 support for Transport for London and tram services suffering due to reduced passenger numbers.
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15 Jan 21
Proposed cuts to government funding for public transport body Transport for the North would “undermine levelling-up” and put planned improvement works at risk, according to the group’s finance chief...
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4 Dec 20
The government has confirmed that Network Rail’s infrastructure budget for the next four years will shrink by £1bn, following the Spending Review.
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9 Nov 20
Transport for London will rely on future government support until 2023, after agreeing two bailouts this year, according to ratings agency Moody’s.
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2 Nov 20
Transport for London has agreed a second bailout with the government worth up to £1.8bn, to help keep services running through Covid-19.
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22 Oct 20
London mayor Sadiq Khan and prime minister Boris Johnson are at loggerheads over the management of Transport for London as the network continues negotiations on a second bailout.
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15 Oct 20
The Scottish Government is set to allocate an additional £52.6m to maintain bus services during the Covid-19 pandemic.
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29 Sep 20
Transport for London requires an extra £2bn this financial year to cover the drop in revenues relating to Covid-19, or risk deterioration of the transport network not seen since the 80s and 90s, it...
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10 Aug 20
Nearly £300m of funding for public transport has been announced by the government as it hopes to get people back to work and education following the easing of lockdown measures.
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22 Jul 20
London mayor Sadiq Khan has announced an independent review into future funding and financing options for Transport for London.
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8 Jul 20
The Covid-19 pandemic poses a fundamental threat to existing funding models for public transport, according to a report.
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3 Jul 20
Just a few months ago, amid efforts to decarbonise transport, the future looked bright for the bus and rail industry, but Covid-19 has obscured the route ahead, writes Peter White.
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24 Apr 20
The Workplace Parking Levy makes Nottingham City Council nearly £10m a year, and has paid for an extension to its tram network. The authority's former leader Graham Chapman outlines how to sell the...
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3 Apr 20
Bus companies in England will receive up to £167m from the government as it hopes to maintain regular services for people in need during the coronavirus lockdown.
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6 Feb 20
A union has called the government’s allocation of £170m to improve bus services a “drop in the ocean”.
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3 Apr 19
Crossrail’s £2.8bn lifeline from the public purse may not be enough to complete the project, MPs have warned.
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29 Jun 18
Transport investment overwhelmingly favours London and leaves regions struggling playing “catch up”, a group of MPs has said.