Supplemental

Part of Orders of the Day — Railways Bill (Allocation of Time) – in the House of Commons at 3:42 pm on 2 November 1993.

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Photo of Mr John MacGregor Mr John MacGregor Chair, Privileges Committee, The Secretary of State for Transport, Chair, Privileges Committee 3:42, 2 November 1993

Those surpluses will stay in the fund, because there will be a continuing commitment to inflation-proofing and the payment of surpluses in the future. If the surpluses are insufficient, and if the fund is unable to make the payments, clearly the Government's commitment comes in and the taxpayer assists.