From TfL press release
Substantial cuts to the central and inner London bus network were proposed due to the government's Covid funding deal
Additional funding provided by the Mayor has allowed Transport for London (TfL) to reassess its proposals for the bus network and cancel the changes Londoners were most concerned about.
The pandemic's effect on TfL's finances meant that it had to rely on a series of short-term government funding deals, which had a series of conditions and requirements. The government required TfL to make savings equivalent to four per cent of the bus network, and the package of changes were proposed to help achieve this.