Whilst not wishing to upset Londoners...
Something not right about this but of course Labour need London votes in an election.
London gets all the money yet again. Borrowing against future fare income. Wasn't that what they said about the Channel Tunnel?
What could you do with that sort of money outside London?
And how could the Post Office be modernised if that sort of momey was made available to them?
The fact is in 50 years time London won't exist as a capital as it will be underwater. Unless of course they spend £20b on a new Thames barrier.
There is a story in the papers this morning about council tax in the UK increasing by £200 per household across the country over the next 3 years.
What with this London rail thing and the Olympics.
Coincidence?
Happy modelling
Gary