Using land value for new transport
The capital’s leading business campaign group BusinessLDN has produced a report on this subject here. It recommends building on the tax increment financing (TIF) model which allows borrowing against future increases in tax revenue resulting from infrastructure projects in order to finance transport schemes and calls on the Government to empower the GLA to do so.
Integrated Transport Strategy
Just before she resigned as Minister, The Rt Hon Louise Haigh MP launched a process for preparing England’s first Integrated National Transport Strategy, which is to be published in 2025. There is a consultation to seek ideas for it running until 30th January 2025.
TfL fares to be increased
Rt Hon Louise Haigh MP, Secretary of State for Transport has written to Sadiq Khan about Transport for London’s Spending Review Phase 1 Outcome FY25/26. The minister requires that “TfL rail fares will rise in line with national rail fares this year”, an imposed hike around 4.6 per cent from 2 March 2025. The Mayor had already indicated that his TfL fares freeze was unlikely to continue but this increase is significant. The letter also says that government representation on TfL’s board will continue.
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![Greenwich Park, London [Photo: Pexels]](https://i0.wp.com/www.londonforum.org.uk/wp-content/uploads/2026/08/Greenwich-Park-London-Pexels.jpg?fit=150%2C100&ssl=1)
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