London Underground

Part of Oral Answers to Questions — Transport – in the House of Commons at 12:00 am on 10 March 1997.

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Photo of George Young George Young Secretary of State for Transport 12:00, 10 March 1997

The Government have considered very carefully the long-term capital funding requirements of London Underground. That was a key factor behind our decision that privatisation of the underground was the right way forward. I do not believe that any other approach to the funding of London Underground could deliver the same results.