Johnson plans to cut London costs by £1bn
Author: Financial Times |
Boris Johnson plans to make almost £1bn of cost savings across the Greater London Authority, Metropolitan police and Transport for London during the next three years to free up cash to help the capital through the recession.
The London mayor will today announce plans for efficiency savings of £103m in 2009-10 and a total of £979m by 2012 when he unveils a 57-point economic recovery action plan.
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