Down The Tube

Stephen Halliday investigates the murky world of financing the London Underground.

Construction of the Metropolitan Railway near King's Cross station, 1861It has never been easy to raise money to build and run the London Underground. The present travails of Robert Kiley and Ken Livingstone echo those of their predecessors, who had to rely upon a mixture of deviousness, dishonesty and, more recently, unemployment to give London the underground railway that it desperately needed.

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