TRANSPARENCY QUESTIONED: TfL fail to publish last THREE YEARS of accounts for taxi and PHV activity

Transport for London (TfL) have failed to publish the last THREE YEARS of accounts for Taxi and Private Hire activity prompting questions over ‘openness and transparency’.

Last summer London Assembly Member Keith Prince asked the Mayor of London what the TfL Taxi & Private Hire financial position was for accounting periods 2020/21 and 2021/22 and why the Mayor had failed to publish the figures for those periods.

Sadiq Khan, Mayor of London, responded in June 2022: “There has been a delay in publishing Transport for London (TfL) annual financial summaries for taxi and private hire during the pandemic.

“I’m aware that TfL is updating its figures for 2020/21 and 2021/22 and intends to publish them in the next few weeks.”

Since then no accounts have been published or shared. The latest 2022/23 financial accounts are now also due for release.

Assembly Member Keith Prince approached the topic again, asking how the Mayor of London thought his commitment to ‘openness and transparency’ fit with ‘his failure to publish’ the last 3 years of Taxi and Private Hire financial positions.

The Mayor of London is yet to respond to the latest written question put to his office.