Member

Amendment 86 addresses the other side of the equation: accountability for money once it has been spent. Amendment 86 would require GBR to publish an annual statement of its financial performance. It may be said that it is going to have to do this: as a company under the Companies Act, it will have to produce an annual report. But one of the issues we should be considering, given the scale of the public money likely to be going into Great British Railways, is whether an annual report, simply produced on a companies law basis, will be enough. Again, we are probing to hear what the Minister has to say about whether he intends to be more open with publishing figures on performance at the end of a financial period, rather than simply confining himself to the loopholes and dodges that are often available for those simply producing company accounts.