The most senior civil servant at the Department for Transport has rebuked Transport for London for “a breach of good faith” over the premature disclosure of its latest £1.8 billion bailout from the taxpayer.
In a letter seen by the Evening Standard, Permanent Secretary Bernadette Kelly said she had “strong concerns” that details were given out a day ahead of a planned announcement by the department.
Ms Kelly said the disclosure was “disappointing” and asked for an explanation. She pointed out that the funding deal had “stock market and regulatory implications for TfL” and should have been announced to Parliament.
A bailout was finally agreed late on Halloween which the department planned to release on the following Monday morning. However, details, including that the Government had backed down on a fares hike, were unilaterally given out to the media by TfL and by the Mayor’s office the next morning.