The hon. Gentleman will be aware that orders totalling £400 million have been received for new rolling stock in the past few weeks, made up of £250 million for the Jubilee line and £150 million for Networkers. That is an excellent start.
I agree with the hon. Gentleman that we must move from a situation of companies going from order by order to one in which they can look forward 10 years. The best way to achieve that is to put the rolling stock companies and the train operating companies into the private sector. [Laughter.] The hon. Member for Holborn and St. Pancras (Mr. Dobson) laughs, but his hon. Friend the Member for York (Mr. Bayley) does not share his mirth. It is important that those decisions are taken by the private sector, not the public sector.