I am grateful to the hon. Gentleman for giving way. It is his debate, but it is on London's transport. I have a letter that was signed by the Minister only yesterday on the issue of travelcards. He says:
In the forthcoming legislation … all operators in London—rail and tube as well as bus—have the right to participate on fair terms in any multi-modal or multi-operator ticketing scheme.
That sounds okay, but it offers only the opportunity for many of the operators to participate and denies present owners the right to issue such a ticket, which may not exist in future. He goes on about stored value tickets, which are a different thing and would be a step backwards.