The Government is to work with the Greater London Authority (GLA) and London boroughs on a new source of funding for transport.
The pledge is part of a memorandum of understanding (MoU) between the Government, GLA and London Councils on further devolution to the capital, announced in last week’s Budget.
The Treasury said a taskforce would be set up to explore “piloting a new approach to funding infrastructure”. London mayor Sadiq Khan’s office said:...
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