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  • Writer's pictureCity Hall Conservatives

How much has Sadiq Khan cost Transport for London?

Sadiq Khan's mismanagement of the capital's transport network has cost Transport for London billions of pounds in lost revenue, waste and bailouts.

The Mayor is misleading Londoners by claiming "the sole cause of TfL's financial problems is COVID". Before the pandemic, TfL was already in a mess because the Mayor has pursued transport policies which he knew TfL could not afford.

Here's what Sadiq Khan doesn't want you to know:

  • He lost at least £640 million in revenue by freezing pay-as-you-go fares, a policy which subsidised tourist travel while Londoners saw the cost of their travel cards rise.

  • Under Khan's management Crossrail has been delayed by nearly four years despite the project being on time and budget when he inherited from Boris Johnson. It was due to open in December 2018, after multiple delays it is not expected to open until mid-2022. The delay has cost TfL £3.9 billion in bailouts and £1.35 billion in lost fares revenue.

  • TfL's debt rocketed to a record £11.7 billion after Khan maxed out its credit cards. By reaching its debt limit, TfL is unable to borrow more to invest in London's transport network.

  • 21 major transport projects have been delayed or cancelled in the past four years as both a sign and a consequence of Sadiq Khan's financial mismanagement.

  • The bill for TfL staff on trade union duties almost doubled under Sadiq Khan to a whopping £8.7 million.

  • Under Sadiq Khan, TfL's nominee passes - a perk which lets staffs' housemates and lodgers travel for free on the tube network - cost an estimated £44 million in lost fares last year.

  • The amount TfL spends on executive pay has ballooned. Under Sadiq Khan, the number of TfL and Crossrail staff paid over £100,000 has risen to 557 in 2019/20 compared to 458 in 2015/16.

  • TfL's "performance-related pay" bonus has gone up by nearly a third - from £8.3 million in 2017 to £11.8 million in 2019.

  • Fare dodging has cost TfL £400 million since May 2016 because Sadiq Khan failed to clamp down on it.

  • TfL wasted £12.3 million on the Rotherhithe crossing, which was later scrapped, and £20 million on Woolwich Ferries, which Sadiq Khan admitted were plagued by faults.


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