L

Lord Moylan (Con)

Speaking in the House of Lords on 10 September 2026

Debate

Railways Bill

Contribution

Is the noble Lord’s position that one of the consequences of this Bill, if enacted—we will not know for some months until after it is enacted—is that roughly £25 billion-worth of rolling stock could be added to government debt? I do not want to argue about the figure, but I believe that is roughly right. We are going into this in the dark, not knowing whether that will be the case. What soundings has the Minister taken with Treasury colleagues about this interesting possibility?

More from Lord Moylan (Con)

Other recent Hansard contributions by the same speaker.

About Hansard

Hansard is the official verbatim record of proceedings in the UK Parliament. Every word spoken in the Commons and Lords is recorded and published — this page is a single contribution from that record.