Clause 105 - Railways in London: transfers

Part of Railways and Transport Safety Bill – in a Public Bill Committee at 9:30 am on 11 March 2003.

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Photo of Anne McIntosh Anne McIntosh Shadow Minister (Transport) 9:30, 11 March 2003

Let us deal with the current position. The Government have to prove that they can raise the money on the market against the backdrop of a total lack of consumer confidence. Because of Railtrack, the financial institutions lost a fortune. The impact on the pensions and insurance markets has been massive.