Map › All councils › Transport for London
Transport for London council debt
Greater London Authority body, England. Latest figures: Jun 2026.
Total debt
£14.0bn
£14,048,711,000
Net debt
£12.5bn
after £1.56bn of investments
Change in a year
+2.3%
+£310m since Mar 2025
Transport for London debt over time
Outstanding borrowing at each date, Mar 2010 to Jun 2026.
Who Transport for London borrows from
| Lender | Amount | Share |
|---|---|---|
| Public Works Loan Board (PWLB)the government's lending facility for councils, run by the UK Debt Management Office; most council borrowing comes from it | £5.50bn | 39% |
| Bonds and stock issuesbonds and other securities the council has issued to investors | £3.95bn | 28% |
| Other sourcesborrowing the council did not assign to any of the groups above | £3.60bn | 26% |
| Central government (other than PWLB)other loans from government departments | £400m | 3% |
| Public corporationsloans from publicly owned corporations | £300m | 2% |
| Other councilsloans from other local authorities, usually short term | £150m | 1% |
| Banksloans from UK banks, including LOBO loans (lender option, borrower option) | £150m | 1% |
Outstanding loans by type of lender as reported by the council to MHCLG, short and long term together, as at Jun 2026. The return groups lenders by sector, not by name.
Transport for London debt by year
| Date | Debt | Investments | Net debt | Per person | Population |
|---|---|---|---|---|---|
| Jun 2026 | £14.0bn | £1.56bn | £12.5bn | – | – |
| Mar 2026 | £14.0bn | £1.25bn | £12.7bn | – | – |
| Dec 2025 | £13.9bn | £1.49bn | £12.4bn | – | – |
| Sep 2025 | £13.5bn | £1.13bn | £12.4bn | – | – |
| Jun 2025 | £13.6bn | £1.46bn | £12.1bn | – | – |
| Mar 2025 | £13.7bn | £1.27bn | £12.4bn | – | – |
| Dec 2024 | £13.5bn | £1.21bn | £12.3bn | – | – |
| Sep 2024 | £13.3bn | £1.13bn | £12.2bn | – | – |
| Jun 2024 | £13.3bn | £1.38bn | £11.9bn | – | – |
| Mar 2024 | £13.0bn | £1.27bn | £11.7bn | – | – |
| Dec 2023 | £12.7bn | £1.04bn | £11.7bn | – | – |
| Sep 2023 | £12.9bn | £1.14bn | £11.7bn | – | – |
| Jun 2023 | £12.9bn | £1.20bn | £11.7bn | – | – |
| Mar 2023 | £12.9bn | £1.09bn | £11.8bn | – | – |
| Dec 2022 | £12.6bn | £1.01bn | £11.6bn | – | – |
| Sep 2022 | £12.7bn | £964m | £11.7bn | – | – |
| Jun 2022 | £13.0bn | £1.29bn | £11.7bn | – | – |
| Mar 2022 | £13.0bn | £1.23bn | £11.8bn | – | – |
| Dec 2021 | £13.0bn | £1.49bn | £11.5bn | – | – |
| Sep 2021 | £13.1bn | £1.84bn | £11.2bn | – | – |
| Jun 2021 | £13.1bn | £1.90bn | £11.2bn | – | – |
| Mar 2021 | £13.0bn | £1.58bn | £11.4bn | – | – |
| Dec 2020 | £12.7bn | £1.40bn | £11.3bn | – | – |
| Sep 2020 | £12.5bn | £1.80bn | £10.7bn | – | – |
| Jun 2020 | £12.1bn | £1.73bn | £10.4bn | – | – |
| Mar 2020 | £11.7bn | £1.92bn | £9.79bn | – | – |
| Mar 2019 | £11.2bn | £1.66bn | £9.51bn | – | – |
| Mar 2018 | £10.4bn | £1.72bn | £8.73bn | – | – |
| Mar 2017 | £9.43bn | £1.74bn | £7.68bn | – | – |
| Mar 2016 | £9.15bn | £3.13bn | £6.02bn | – | – |
| Mar 2015 | £8.55bn | £4.55bn | £4.00bn | – | – |
| Mar 2014 | £7.90bn | £4.62bn | £3.28bn | – | – |
| Mar 2013 | £7.49bn | £3.79bn | £3.70bn | – | – |
| Mar 2012 | £7.07bn | £2.58bn | £4.49bn | – | – |
| Mar 2011 | £4.75bn | £1.98bn | £2.77bn | – | – |
| Mar 2010 | £4.12bn | £1.45bn | £2.67bn | – | – |