I welcome the hon. Gentleman to his post. As I said last week in a transport debate, I hope he lasts longer than his predecessor—[Interruption.] I think there was somebody in between. The contract to which he refers did have a break clause for First, but it was negotiated by the Labour Government. Therefore, they caused that break and it was part of their contract.
I am pleased to be able to remind the hon. Gentleman of the words of Sadiq Khan, who I believe has an important role in the Labour party—I hope it is a very unsuccessful one in a few weeks’ time. He said:
“one reason we are able to invest record sums in our railway service is the revenues that the franchises bring in and the premiums that they pay”.—[Hansard, 1 July 2009; Vol. 495, c. 430.]
He said that when he was in a position of responsibility: that of Transport Minister.