RMT warns of £6 billion funding gap for transport in London as new report points to £1.7 billion shortfall from recession
Submitted by Admin on 9 July, 2009 - 23:00TRANSPORT UNION RMT warned today that services in London are staring down the barrel of a £6 billion funding gap which threatens to wreck modernisation schedules and plans for the 2012 Olympics while leaving thousands of jobs under threat.
The warning comes on the day that a new London Assembly report points to a £1.7 billion transport income gap as a result of the recession which it predicts will open up between now and 2018.