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10 May 22
Rating agency Moody’s has downgraded Transport for London’s credit rating for the third time since the onset of Covid-19, partly down to ongoing uncertainty over long-term funding.
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4 May 22
Network Rail could be forced to make yearly cuts of around £100m in maintenance spending up to 2023-24, leading to a reduction in services and greater safety risks for passengers,...
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13 Apr 22
The Financial Reporting Council is set to investigate the financial statements of a transport operator, after the company was at the centre of an accounting scandal.
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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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7 Feb 22
Transport for London has received a two week extension to its funding agreement with the government as the network seeks longer-term support.
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11 Jan 22
A West Midlands borough council failed to follow its own procedures when awarding SEND transport contracts and will likely need to restart the procurement process to avoid possible legal challenge.
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5 Jan 22
Leaders in the north of England say the scaling back of government rail plans is a hammer blow to business cases aimed at sparking renewal.
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9 Dec 21
English councils' net spending on highways and transport more than doubled last year, due to a reduction in income caused by Covid-19, according to outturn figures.
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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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23 Nov 21
The government will fund direct flights from London to Cornwall and Scotland for two years in a bid to fuel tourism and make business travel easier.
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18 Nov 21
Transport for London has warned of "huge service cuts" to balance its 2022-23 budget if it does not receive further support from central government.
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28 Sep 21
The government will take over day-to-day running of London and South Eastern Railway after the government sais that the company had failed to declare taxpayer funding.
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23 Sep 21
The government’s 'levelling up' ambitions will only be met if Whitehall releases its grip on power over infrastructure planning and reforms the funding system, according to its own infrastructure...
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22 Sep 21
Risks remain over whether the High Speed 2 rail line can be finished within its revised £98bn budget, according to MPs.
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24 Aug 21
The High Court has granted permission for a legal challenge against three government departments over the Levelling Up Fund, with the claimant saying it lacks fairness and accountability.
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19 Jul 21
The government will allocate a further £56m to tram and light rail services in England to help keep services running through the Covid-19 recovery period.
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9 Jul 21
Covid-19 and work overruns will mean Crossrail will exceed its current funding envelope, the government spending watchdog said in a report released today.
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6 Jul 21
A massive increase in the cost to the public purse of rail services has not been matched by the transparency necessary to scrutinise the sector, according to MPs.
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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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11 Jun 21
Government at a local and national level needs to get to grips with the expiry of PFI contracts, says Public Accounts Committee chair Meg Hillier.
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21 May 21
Transport for London’s short-term outlook has been revised from negative to stable, due to government pledges to support the network's income pressures, according to ratings agency Standard and Poor’...
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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.
10 May 22Rating agency Moody’s has downgraded Transport for London’s credit rating for the third time since the onset of Covid-19, partly down to ongoing uncertainty over long-term funding.
4 May 22Network Rail could be forced to make yearly cuts of around £100m in maintenance spending up to 2023-24, leading to a reduction in services and greater safety risks for passengers,...
10 Mar 22A 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.
25 Feb 22Transport 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.
11 Jan 22A West Midlands borough council failed to follow its own procedures when awarding SEND transport contracts and will likely need to restart the procurement process to avoid possible legal challenge.
5 Jan 22Leaders in the north of England say the scaling back of government rail plans is a hammer blow to business cases aimed at sparking renewal.
25 Nov 21Mayors 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.
23 Nov 21The government will fund direct flights from London to Cornwall and Scotland for two years in a bid to fuel tourism and make business travel easier.
23 Sep 21The government’s 'levelling up' ambitions will only be met if Whitehall releases its grip on power over infrastructure planning and reforms the funding system, according to its own infrastructure...
22 Sep 21Risks remain over whether the High Speed 2 rail line can be finished within its revised £98bn budget, according to MPs.
19 Jul 21The government will allocate a further £56m to tram and light rail services in England to help keep services running through the Covid-19 recovery period.
9 Jul 21Covid-19 and work overruns will mean Crossrail will exceed its current funding envelope, the government spending watchdog said in a report released today.
11 Jun 21Government at a local and national level needs to get to grips with the expiry of PFI contracts, says Public Accounts Committee chair Meg Hillier.
