London Underground is underwater.

Adding to the woes of London's subway system--a projected £112 million operating deficit in 2009. Reasons? Fewer passengers than forecast and a fare structure that links fare increases to inflation (which has been slowing). According to the London Assembly, the deficit could get even larger...they're talking £1.7 billion by 2018.

Wonder if this means fares will go up? Hmmmmm....