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Responding to the publication of Transport for London’sAnnual Accounts, London Assembly Labour Group Transport Spokesperson, ValShawcross AM, said:
Transport for Londonbosses are involved in a "Fat Cats" salary row on a day big cuts wereexpected to be announced. TfL's annual report shows Transport Commissioner SirPeter Hendy was paid £650,352.
The figure includestwo annual bonuses deferred until after the Olympics. Sir Peter is one of sixTfL executives with pay cheques in excess of £300,000
A further 300 TfLstaff were paid more than £100,000. The bonuses were agreed by a RemunerationCommittee chaired by Paralympian Baroness Tani Grey Thompson. She said:"The excellent management team and staff of TfL have reallydelivered."
But London AssemblyGreen Party member Jenny Jones said: "We can’t afford not to reduce thepay gap in this divided city".
TfL is bracing itself for painful cuts to itsbudget when the Chancellor announces his Spending Review at lunchtime. Theorganisstion claims it needs to spend £1.8bn a year on a programme of vitaltransport improvements.
Projects thought to be at risk include the upgrade of the Bakerloo and Piccadilly Lines and the Mayor's £900. "cycling vision".