Member

42: Clause 2, page 3, line 32, at end insert— “30D Annual report of public operator liabilities(1) The Secretary of State must lay before Parliament, within six months of the day on which the Passenger Railway Services (Public Ownership) Act 2024 is passed, and annually thereafter, a report on the public sector financial liabilities arising from the award of public service contracts to public sector companies under section 30(1A).(2) The report published under subsection (1) must include details of—(a) rolling stock leasing liabilities;(b) pension scheme liabilities;(c) property leasing liabilities;(d) other financial liabilities such as debt.” Member's explanatory statement This amendment would require the Secretary of State to publish an annual report examining the impact of train company liabilities transferring onto the public sector balance sheet under nationalisation.