Re:25% of the 13 minute journey from Whitechapel to Paddingt...
by Symbiote on Monday September 25, 2023 @05:48AM
(#37641409)
Fares covered 71% of TfL expenditure in 2020/2021. That crashed to 27% during Covid, and is expected to be 65% this year.
Around 20% is commercial income (advertising, levies on new commercial buildings).
https://board.tfl.gov.uk/documents/s19826/TfL%20Budget%20202...
But more importantly the wage negotiations are very complicated as 80% of the money ultimately comes from the government and therefore politicians needs to be motivated. Politicians are mostly motivated by annoyed voters (and campaign contributions obviously).