The One London Party continued their questioning of the Mayor’s oil deal with Venezuela yesterday when they quizzed representatives from Transport for London.
According to the party there are no concrete figures on how much the Mayor’s plan of giving half-price bus travel to people claiming income support will actually cost.
Peter Hulme-Cross, who put the questions on behalf of the One London Party, said, “we have said from the start that the Mayor’s oil deal with Venezuela was badly thought-out, and would result in a net loss for TfL and for Londoners.
We heard today just how badly thought-out it has been, when representatives from TfL admitted that they had no idea how much the half-price travel for those on income support would actually cost.”
“If we take the official estimate that the cost of the half-price fares for those on income support will be £15 million and the cost of the advice to Venezuela will be £1 – £2 million, it’s clear that the whole thing will cost more than the £16 million discount. What about the further costs, like administration of the discounts?”