Rail Privatisation

Part of the debate – in the House of Commons at 10:07 am on 15 November 1996.

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Photo of Mr John Watts Mr John Watts , Slough 10:07, 15 November 1996

The arrangements are fairly complicated. Above a certain level of gain on land transactions, there is also a clawback of the super-profits, but I will happily write to the hon. Gentleman and set out the full position.