Boris Johnson and Transport for London’s financial secrecy over Oyster

An interesting little question and answer from the London Assembly:

Q. What has been the cost to the taxpayer of TfL [Transport for London] buying ownership of the Oyster brand? (Caroline Pidgeon)

A. Under the terms of the recent agreement between TfL, Electronic Data Systems and Cubic Transportation Systems TfL agreed to treat this information as being commercially confidential.

Certainly getting ownership of the Oyster brand could bring lots of benefits (though it raises the question of how it ended up in private hands in the first place and on what terms).

Spending 50p on it would be  a bargain. Spending £500 million would be a rip-off. The problem is, we don’t know whether or not a good deal was negotiated in our name. The figure is secret because TfL (proprietor: one Boris Johnson) agreed to keep it so – and Boris Johnson is happy with this state of affairs.

In other words – terribly sorry old bean, I know you might wondering whether we’re spending your shillings properly, but it’s all a jolly big secret.

Hat-tip: London Reconnections

Read more by or more about , or .
This entry was posted in London.

Post a Comment

Lib Dem Voice welcomes comments from everyone but we ask you to be polite, to be on topic and to be who you say you are. You can read our comments policy in full here. Please respect it and all readers of the site.

If you are a member of the party, you can have the Lib Dem Logo appear next to your comments to show this. You must be registered for our forum and can then login on this public site with the same username and password.

To have your photo next to your comment please signup your email address with Gravatar.

Your email is never published. Required fields are marked *

Please complete the name of this site, Liberal Democrat ...?


Recent Comments

    No recent comment found.