L

Lord Hendy of Richmond Hill (Lab)

Speaking in the House of Lords on 10 September 2026

Debate

Railways Bill

Contribution

I think I understand what the noble Lord is saying. I am expecting an organisation, as GBR will be, to be constantly in discussion with the wider railway industry and the supply industry, and indeed its customers, simply because, as we have discussed, the market will change over time. I do not see that there is any confusion between an annual exercise of producing a business plan and the sort of engagement over a prolonged period that will confirm and vary industry’s advice over time about what should be in it. That is a perfectly natural way of doing business. If I refer, as I probably do too often, to Transport for London, that is precisely the way in which Transport for London did it. The business planning cycle was an annual cycle, but the engagement with those parties who had an interest in both the inputs and results was an activity throughout the year.

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