Financial Times FT.com

Funding fear as Tube passenger numbers fall

By Robert Wright, Transport Correspondent

Published: September 21 2009 22:29 | Last updated: September 21 2009 22:29

Traffic on recession-hit London Underground saw its biggest de­cline in 20 years in August, falling 6.4 per cent compared with the same month in 2008.

The fall is the first evidence that the system is seeing significant passenger decline as a result of the recession, after months of Transport for London – the London mayor’s organisation – claiming a surprising resilience in demand.

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