Clause 12 — Transfer Schemes at End of Franchising Agreements

Part of Orders of the Day — Railways Bill – in the House of Commons at 4:45 pm on 27 January 2005.

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Photo of Jeremy Corbyn Jeremy Corbyn Labour, Islington North 4:45, 27 January 2005

Is my hon. Friend aware that the company Tube Lines, which is owned by Jarvis, has got into enormous financial difficulty and, indeed, has sold its contracts with the public sector to refurbish parts of the London Underground? There is now trading in public contracts, but priority should be given to finishing those contracts for the public interest and the public good, rather than advancing share prices in the City.