Is not-for-profit not superflous on a government body supplying 50% of it's income? Who pays for the 6 figure board salaries? Is that from the profit part, or me the tax payer?
Just seems a bit stretched. never-gonna-profit
Just seems a bit stretched. never-gonna-profit
"Remuneration of board members
The basic fee is £16,000 per annum. Additional fees are paid for each appointment to a Committee or Panel, up to a maximum payment of £20,000 per annum"
https://tfl.gov.uk/corporate/about-tfl/how-we-work/how-we-ar...
25% of their funding seems to come from Government grants. £2.6 billion. That should be covered easy by the tax revenue London generates.
Especially so, since there's apparently a £26.5 billion tax surplus that goes out the capital to less well off regions: https://www.theguardian.com/business/2017/may/23/uk-budget-d...
So what are you complaining about exactly?