To ask the Secretary of State for Transport, with reference to the HM Treasury press release, Chancellor announces £4.5 billion of measures to bring down debt, published on 4 June 2015, what efficiency savings his Department plans to make to achieve reductions of £545 million in its budget.

The Chancellor announced savings amounting to £200 million from the Department’s budget for 2015-16. Much of this is taken from anticipated underspends against existing budgets, and from contingency, and does not mean that any of the affected programmes will be cancelled. In addition, the Chancellor announced the sale of the interests of London and Continental Railways in land at Kings Cross, valued at £345 million.