If Transport for London - TfL - can t negotiate funding new funding from the government within 17 days, fares could rise and services cut.
The Mayor of London Sadiq Khan says TfL is one of the largest transport organisations in the world but receives the least amount of government funding.
He said that before the COVID-19 pandemic, most funding came from fares but since lockdown their profits reduced dramatically, forcing TfL to go to the government for support.
SUBSCRIBE to our YouTube channel for more videos: www.youtube.com/skynews
Follow us on Twitter: twitter.com/skynews
Like us on Facebook: www.facebook.com/skynews
Follow us on Instagram: www.instagram.com/skynews
For more content go to news.sky.com and download our apps:
Sky News videos are now available in Spanish here/Los video de Sky News están disponibles en español aquí www.youtube.com/channel/skynewsespanol