PARLIAMENTARY WRITTEN QUESTION
Transport for London: Borrowing (1 April 2019)
Question Asked
To ask the Secretary of State for Transport, whether Transport for London has the power to defer borrowing from one year to the next.
Asked by:
Kirsty Blackman (Scottish National Party)
Asked by:
Kirsty Blackman (Scottish National Party)
Answer
Transport for London (TfL) may defer its prudential borrowing capacity from one year to the next. TfL is required to give notice to HMG of its intention to defer borrowing before the end of the financial year.
Answered by:
Jesse Norman (Conservative)
4 April 2019
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