Let me start by saying that delivering high-quality, world-class transport infrastructure in northern England and following through on our commitments to level up remain a top priority for the Government. Transport for the North shares that ambition, and I am surprised and disappointed that its latest funding settlement has provoked such a great deal of consternation. Let me assure Members across the House that Transport for the North’s funding settlement is appropriate and fair and enables it to continue to carry out its statutory functions, which is what it was established to do. Given the level of scrutiny that its funding settlement has received, I think it would be helpful if I laid out all the facts here today, so that we can finally move on and focus on what is really important to people in the north: delivering for the north.