Agenda

General Counsel

Members are reminded that any interests in a matter under discussion must be declared at the start of the meeting, or at the commencement of the item of

business.

Members must not take part in any discussion or decision on such a matter and, depending on the nature of the interest, may be asked to leave the room during the discussion.

General Counsel

The Committee is asked to approve the minutes of the meeting of the Committee held on 18 December 2024 and authorise the Chair to sign them.

General Counsel

The Committee is asked to note the updated actions list.

General Counsel

The Committee is asked to note the paper.

Chief Finance Officer

The Committee is asked to note the paper and the exempt supplementary information on Part 2 of the agenda.

Group Treasurer

The Committee is asked to note the paper and the exempt supplementary information on Part 2 of the agenda and; approve the proposed Treasury Management Strategy (TMS) 2025/26, attached as Appendix 1 to this paper,  including the Investment Strategy, the Borrowing Strategy, the Liquidity Strategy and the Risk Management Strategy; approve the proposed TfL Treasury Management Policies attached as Appendix 2 to this paper; approve the proposed TfL Group Policy Relating to the Use of Derivative Investments attached as Appendix 3 to this paper; approve the proposed Places for London Limited Treasury Management Strategy, attached as Appendix 4 to this paper, including the Borrowing Strategy, the Investment Strategy and the Liquidity Strategy; approve the proposed Treasury Management Policies for Places for London Limited attached as Appendix 5 to this paper; and subject to approval of the TMS 2025/26 and the Derivatives Policy, to approve TfL Finance Limited entering into the Derivative Investments.

Group Treasurer

The Committee is asked to note the paper and approve the Investment Management Strategy 2025/26 – Non-Financial Assets, attached at Appendix 1 to this paper.

Chief Operating Officer

The Committee is asked to note the paper and approve increasing the minimum fare by 40 pence to £4.20; increasing Tariffs 1, 2 and 3 by 5.05 per cent; keeping the Tariff 4 rates the same as the Tariff 2 rates; reducing the Heathrow extra, which taxi drivers can add to the fare when picking up a passenger from one of the taxi ranks at Heathrow Airport, from £2.00 to £1.60;  increasing the Heathrow drop off charge from £5.20 to £6.00; increasing the fixed-fares for shared-taxis from the All England Lawn Tennis Club to central London by £1.50; amending some of the authorised places (as set out in Appendix 8) where the fixed-fare, shared-taxi scheme operates from during the Wimbledon Tennis Championships; and extending one of the areas (as set out in Appendix 8) covered by the fixed-fare, shared-taxi scheme that operates during the Wimbledon Tennis Championships.

Chief Finance Officer

The Committee is asked to note the paper and the exempt supplementary information on Part 2 of the agenda and approve Procurement Authority, at the sums and total set out in the related paper on Part 2 of the agenda, for the extension up to 30 June 2026 of the Bicycle Management and Supply contract, as described in this paper and the related paper on Part 2 of the agenda; note that extension of the Bicycle Management and Supply contract to 31 March 2026 will need to be provided for in the next TfL Budget and is included in the draft currently in preparation; and note that, if the extension of the Bicycle Management and Supply contract is required beyond 31 March 2026, unbudgeted Financial Authority will be required and will be sought at Officer level, in accordance with Standing Orders.

Chief Finance Officer

The Committee is asked to note the paper and the exempt supplementary information on Part 2 of the agenda.

Director of Risk and Assurance

The Committee is asked to note the paper and the exempt supplementary information on Part 2 of the agenda.

General Counsel

The Committee is asked to note the forward plan and is invited to raise any suggestions for future discussion items.

The Chair will state the reason for urgency of any item taken.

Monday 14 July 2025 at 11.30am.

The Committee is recommended to agree to exclude the press and public from the meeting, in accordance with paragraphs 3 and 7 of Schedule 12A to the Local Government Act 1972 (as amended), in order to consider the following items of business.

Exempt supplementary information relating to the item on Part 2 of the agenda.

Exempt supplementary information relating to the item on Part 2 of the agenda.

Exempt supplementary information relating to the item on Part 2 of the agenda.

Exempt supplementary information relating to the item on Part 2 of the agenda.

Exempt supplementary information relating to the item on Part 2 of the agenda.