Watchdog considers probe into TfL over when it knew Crossrail was going to be late

By Jordan Marshall2018-10-22T11:25:00

Financial Conduct Authority boss says it is looking into issues raised by London Assembly

The boss of an independent financial watchdog has raised the possibility of a probe into Transport for London following questions that were raised about when and how it revealed details of Crossrail's delay.

Financial Conduct Authority chief executive Andrew Bailey revealed that the watchdog was considering an investigation of TfL's handling of the saga in a letter to Caroline Pidgeon, chair of the London Assembly's transport committee.

Earlier this month Pidgeon and the rest of the committee accused London mayor Sadiq Khan and TfL of misleading the public of the delay. Pidgeon said it was highly likely that the mayor was informed on or soon after 19 July that there was very likely to be a delay.

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