Latest funding deal has ended and Sadiq Khan is seeking long-term package from Whitehall after fall in passengers due to Covid

London’s transport authority could declare bankruptcy in a matter of days if the government fails to provide continued financial support.

Transport for London (TfL) saw its income severely reduced during the Covid-19 pandemic because of the sudden lack of passengers travelling on the network.

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source https://www.theguardian.com/politics/2022/feb/19/transport-for-london-may-go-bankrupt-without-extra-funds-claims-mayor