Transport for London (TfL) has revealed that it plans to save £375m over the next seven years by delaying an upgrade of its technical systems.

These plans are part of a £7.6bn cost reduction plan that TfL announced after the Comprehensive Spending Review last year.

The move will see the company moving systems to a private cloud that will service all KPMG's European users.

TfL has confirmed that it will hold back on a "technical refresh" to make up part of the £375m planned savings.

It was not confirmed what system upgrades would be postponed