Transport for London (TfL) has accepted the Government’s offer to extend its bailout by seven weeks despite calling for a long-term deal.

A £1.8 billion funding package agreed in November 2020 to keep services running was due to expire next week.

A TfL spokesman said: “We have today agreed with the Government that our funding will be extended until May 18 on the same terms that have applied to our funding for the second half of 2020/21.

“We continue discussions with the Government on our need for further financial support and a long-term capital funding deal.

“This is vital for us to support a strong and robust recovery from the pandemic, and to provide confidence to our UK-wide supply chain.”