House of Lords written question – answered at on 22 March 2010.
To ask Her Majesty's Government what was the cost of employing consultants and other advisers in connection with the discussions with rolling stock companies over lease rentals from 2005 to the publication of the Competition Commission's final report on the subject in April 2009.
Between 2005 and June 2006, the cost of employing consultants and other advisers in connection with discussions with rolling stock companies over lease rentals amounted to approximately £2 million (excluding VAT).
Negotiations with rolling stock companies over lease rentals took place prior to the Competition Commission investigation. These discussions effectively ended in June 2006 when the Department for Transport asked the Office of the Rail Regulator to investigate the rolling stock market, which resulted in it referring the passenger rolling stock leasing market to the Competition Commission for investigation under Section 131 of the Enterprise Act 2002.
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