The Evening Standard today claimed that the congestion charge has brought in only £14 million despite Transport for London figures saying that it has brought in £382 million. However, on closer reading, it appears that the article is based on the calculations of an anonymous banker and a campaigning Tory councillor.
The article, published on the eve of the election is entitled 'The real cost of Ken's C-Charge.' However, the source of the extraordinary claims seems to be the undisclosed calculations of an undisclosed banker and the accusations of a campaigning Tory councillor and blogger.
In fact, the Standard's second source of expertise is none other than the Tory London councillor Phil Taylor. Phil Taylor was recently thoroughly fisked by Blairwatch after he claimed (among other things) that an oyster bus fare is £1.50. The real cost of a single oyster fare is, as any oyster card user will know, 90p.
With that 70% rate of inaccuracy, you can see why the Evening Standard puts so much faith in him.