LT budget gets go-ahead
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THE Greater London Council has given the green light to London Transport's E120m budget for 1976. In the 19767 Transport Supplementary Grant the GLC will receive ,E82m at November 1975 prices.
A GLC spokesman told CM that they had been told by the DoE that the grant would be half as much in real terms as the E53m 1975 grant.
The proposed revenue budget of E.120m is met from fares, rates and the Government grant. It has been based on an estimate of the amount of TSG grant expected this year.
Jim Daly, chairman of the GLC transport committee, said "The decision to reduce
revenue support by the Government must be suicidal for public transport."
The budget was only passed after considerable opposition from the Conservative group on the GLC. They criticised the Labour policy of cheap fares and called for a rescheduling of services to make for a more reliable bus system. London Transport have a 25 per cent fare increase in the pipeline for 1976.
An LT spokesman said that the rescheduling in September had in fact produced a more reliable service for the public and that with the number of buses in service steadily increasing there were no further plans for rescheduling.