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Boris welcomes TfL spending

Mayor of London Boris Johnson welcomed a big boost - a grant of £925 million in 2015/16 rising to just over £1 billion by 2020/21 on top of enhanced borrowing powers to fund transport in the capital.

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Anger over transport cuts and bloated wages

Spectacular sums of money paid to London's transport bosses were revealed today - just hours before the government announced where its spending cuts will be made.

Boris Johnson defended the payouts - many of them bonuses linked to how the transport network performed during last year's Olympics.

But critics question whether the capital's taxpayers are getting value for money

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