TfL could face independent probe over Crossrail
Transport for London (TfL) could face an independent probe into delays to Crossrail, it has emerged.
Andrew Bailey, chief executive of the Financial Conduct Authority, revealed in a letter to Caroline Pidgeon that the watchdog was considering an investigation of TfL's handling of the project, according to construction news website Building.
Transport Secretary Chris Grayling had earlier claimed TfL was suffering "deep financial difficulties" because of Sadiq Khan's partial fares freeze, in addition to the Crossrail project.
He highlighted TfL's finances when asked whether the Department for Transport (DfT) has considered stopping next year's annual increase in the cost of national rail travel in light of the May timetable chaos.