City Hall wants to reduce the number of London Assembly members and London borough councillors from 15 to 11.
Transport for London was expecting Barclays to contribute the sum as part of an expansion into the south west London suburbs.
Controversial plans to arm riot police in London with water cannon will be be debated at a public meeting at City Hall this evening.
The RMT union says it is still considering the new offer from London Underground. However, a tweet from the TSSA suggests it will also call off tonight's walk out.
We have now agreed a process where all our serious concerns over safety and job losses will be seriously addressed through the normal channels.
We are obviously pleased that we have agreed this process, which will allow us to suspend our strike immediately, and cancel it later when the agreement reaches us in a formal document.
RMT Union members are still due to walk out tonight, but are considering the offer from London Underground.
New offer included extended consultation period and a freeze on the processing of voluntary redundancy applications. RMT confident it can organise a swift meeting if it's executive to consider the offer.
– ACAS statement
London Underground will be writing to the trade unions with some proposals to end this dispute.
We are hopeful of a positive response so that the proposed industrial action will be withdrawn.
Hopes of averting fresh travel chaos on London Underground have risen after one of the unions involved in a row over ticket office closures suspended a planned strike:
- TSSA union will call off a walkout from 9pm after reaching a deal during talks which ended at the conciliation service ACAS
- The RMT union is also involved in the dispute, but is still considering the offer
RMT Executive will consider the offer from London Underground before making a decision on the strike.
The TSSA union is to suspend its strike on London Underground after reaching a deal over ticket office closures.
ACAS peace talks continue but chances of averting the tube strike dwindle by the hour. London Underground sources suggest negotiations "have moved forward a bit" but significant barriers remain.