Member

Similarly, on Amendment 314, I assure the noble Lord, Lord Young, that there are already processes to account for, scrutinise and publish the kinds of information that the amendment seeks a report on. For example, the impacts on the Government’s balance sheet will be considered as part of the Office for National Statistics’ classification assessment, and GBR’s income, expenditure and liabilities will be included within its annual accounts required under the Companies Act. Information related to passenger revenue and government subsidy will be made available through the ORR’s regular publications such as its annual release on rail financing, as they are today.