Heidi Alexander

Heidi Alexander

Labour — Swindon South

Speaking in the House of Commons on 15 May 2025

Debate

Economic Growth

Contribution

The up to £150 million of savings that the taxpayer can enjoy as a result of train operating companies coming back into public ownership are the saved management fees that we are currently paying to private sector operators, and efficiencies will be delivered on top of that. On the substantive issue that the hon. Gentleman raises about South Western Railway, the cost of renewing rolling stock leases has been fully and properly budgeted for, with successful commercial negotiations recently concluded. The franchising process under his Government saw some “buy now, pay later” deals done on rolling stock, where costs were always expected to increase. I think that approach was deeply dubious, but that was the short-termist, ill-thought-through approach of his Government, and we are now having to clear up that mess.

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