A couple of interesting stories regarding the funding of Crossrail. First the Guardian reckon if it goes ahead TfL won't be able to afford anything else:
Senior transport figures say the £16bn Crossrail project, an underground rail link from Heathrow in the west to Canary Wharf in the east, will stifle investment in the ageing tube network, meaning a number of station revamps and line upgrades could be postponed or cancelled.Secondly the esteemed East London Advertiser claims Gordon Brown is about to cancel the whole thing:
A highly placed source in Crossrail's management team fears the PM will put the cross-London 'super tube' rail link on hold amid increasing concerns about the effect of the credit crunch on the economy.Both stories are very wishy-washy, anonymously sourced and full of weasel words. The Guardian's story seems to be a thin regurgitation of one the same journalist wrote 6 months ago, only this time fleshed with numbers sourced from "industry speculation" and a few quotes from a rent-an-academic.
So while neither of these stories is very credible in itself, don't be too surprised if funding for Crossrail never actually materialises.
[Thanks to Ian M for the ELA link]