£6.2 billion Government savings programme hits TfL [UPDATED]

The Government has just revealed how it intends to find £6.2 billion in savings in 2010/11. The cuts package includes £682m from the Department for Transport, which will hit TfL hard.

The implications of these spending cuts are not clear, but it's possible that planned projects, such as improved accessibility at Brockley Station could be affected.

UPDATE: The Birmingham Post reports some more relevant detail:

In 2010-11, there will be a £309 million reduction in specific grants from the DfT to local authorities, while Transport Secretary Philip Hammond is consulting London Mayor Boris Johnson about a £108 million cut in the DfT grant to TfL.