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My view on the franchise system as a whole is that it has been a part of our improvement in our rail performance as measured by the number of services, the number of passengers, and the quality of journeys over the past few years. The benefits of a privately run industry have been profound. I cannot answer the hon. Lady’s question because this is market-sensitive information. There is information that will need to be announced to the markets and to the House in the normal manner when the decisions are made.