Railways: Update - Statement

Part of the debate – in the House of Lords at 4:12 pm on 29th November 2017.

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Photo of Baroness McIntosh of Hudnall Baroness McIntosh of Hudnall Deputy Chairman of Committees, Deputy Speaker (Lords) 4:12 pm, 29th November 2017

Will the Minister have another go at answering questions put to her by my noble friends Lord Adonis and Lord Darling? She has conceded that the current franchise on the east coast will end three years earlier than originally anticipated. Can she tell the House—if she cannot today, could she please write to me—what the net cost is of that franchise being ended? That is, what money will the Treasury not receive as a result of that franchise being ended that it would otherwise have received?