Member

Separately, we must recognise the ORR as a key delivery partner in the biggest rail reform programme in 30 years. It is already implementing a comprehensive transformation programme to make sure that it is ready to fulfil the requirements in this legislation. A further organisational change in just 12 months would not only create an implementation risk but risk creating a weakened body without the expertise to properly regulate the railways in the new circumstances. With that, I thank all noble Lords for their participation and beg them not to press their amendments.