Route 7 (East Acton – Oxford Circus) is one of over 250 routes to see a reduction in frequency since 2017. In August 2021 its daytime frequency was cut from a bus every eight minutes to one every 12 minutes.

Following an extraordinary Transport for London Board meeting on August 30, Sadiq Khan, the mayor of London and TfL have reached agreement with the UK government on a funding settlement until March 31, 2024.

The deal comes after TfL’s most recent emergency bailout, the fourth since revenues were hit by the impact of Covid-19, expired (Look in on London – last month) forcing TfL to rely on cash reserves.

It means that the government will fund the difference between TfL’s costs and revenue up to £598m for the period August 30, 2022 to March 31, 2023 and £565m for 2023-4. It will also continue to receive Business Rates Retention worth around £1bn each year. Despite this, TfL will still need to find savings of around £90m in 2022-3 and £140m in 2023-4 in addition to the £730m per year already committed to.

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