Biggest bus cuts in a decade to save TfL £35 million per year

The proposed cuts to bus services in London will only lead to savings of £35 million per year for TfL, it has been revealed.TfL is currently holding a public consultation on plans to axe up to 16 bus routes entirely and make amendments to 78 more in order to meet savings targets imposed by the Government as part of an emergency funding deal. The consultation has been extended until August 7 to allow Londoners more time to have their say.Under the terms of the Government bailout, TfL is required to make savings of £730 million per year to achieve financial sustainability.