CrossRail on Dangerous Ground?

Articles, LondonUnlockedEditor1 Comment

Three items recently in the news to note about CrossRail:

  • From April 2010 the Mayor will tap business for £4.1bn of funding for the scheme, levying a 2p in the pound tax on all business properties with a rateable value of over £50,000.

Which all goes to show that CrossRail is being funded, though the cupboard appears increasingly bare should there be over-runs or other problems along the way. The 'efficiency savings' which the Conservatives discover will also give a decent steer as to their transport priorities for the capital - if, indeed, they have any.