Britain looking at forcing down costs of London Mayor's office, minister says

The British government is looking at forcing the body responsible for running London to sell off land or cut running costs because it believes the city's mayor has left it bankrupt, a minister said on Wednesday.

The British government is looking at forcing the body responsible for running London to sell off land or cut running costs because it believes the city's mayor has left it bankrupt, a minister said on Wednesday. Housing minister Robert Jenrick said the government was not actively considering higher taxes but said: "We do have to resolve the fact that the mayor has bankrupted TfL (Transport for London), and the Greater London Authority."

"There has to be a resolution with him, but it doesn't have to be purely about Londoners to pay high taxes. It can also be for example.. selling off TfL land so we get homes built in parts of London, there's a lot of opportunity to do that. It can also mean bearing down on some of the costs." TfL's income has plunged after commuters avoided public transport during the pandemic.

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