Budget and Business Plan
Due to the ongoing restrictions on meetings, approval of our 2020/21 Budget was delegated by our Board to the Chair of TfL, for them to exercise Chair's Action for several decisions that would otherwise have been taken at the 18 March Board. On 29 March 2020, the Chair of TfL exercised Chair's Action to approve our 2020/21 Budget.
The current unprecedented and unfolding events have had a massive impact across London and the rest of the country, which we are working with the Mayor and Government to manage. Our priority is always the health and safety of Londoners, and our colleagues who work for and with TfL. As we plan and better understand the impact, we will review and reset the 2020/21 Budget and scorecard during the year and publish any update when it is appropriate.