Member

The main customer will be GBR. The industry will be dependent on what economists call a monopsony—a monopsony is when there is only one buyer; a monopoly is when there is only one seller. GBR will specify exactly what the rolling stock companies will build, and when, and, of course, will undertake to pay for it, probably through a lease. The question raised by this amendment is: will this bring the industry, in the eyes of the ONS, into the warm embrace of the public sector, with a hit on government borrowing?