L

Lord Hendy of Richmond Hill (Lab)

Speaking in the House of Lords on 14 July 2025

Debate

Rail Freight

Contribution

Taxation, as my noble friend well knows, is a matter for His Majesty’s Treasury, so I will not comment further on that. Access charges paid by freight for utilising the network do not currently cover the full fixed cost of operations, maintenance and renewal required. The capping arrangements which will be in place until March 2029 will save freight operators an estimated £33 million over this five-year control period. There are already schemes to discount access charges for new traffic, such as the mode shift revenue support scheme and Network Rail’s access charge discount policy. In the future, GBR will have greater flexibility to offer discounted charges.

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