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Railways: Franchises

Lord Bradshaw asked Her Majesty's Government:

Lord Bassam of Brighton: No.

Railways: Rolling Stock

Lord Bradshaw asked Her Majesty's Government:

Lord Bassam of Brighton: Government have a formal role in the approval of rolling stock leases because of their responsibilities as operator of last resort. This, though, will not normally prevent train operators procuring new rolling stock on their own account unless it would lead to an increase in the level of government subsidy.



10 July 2008 : Column WA101

The Department for Transport meets train operators regularly to discuss a range of topics, including proposals for extra rolling stock. However, no recent proposal for the department to fund extra rolling stock, other than through the high-level output specification process, has proceeded beyond the informal discussion stage.

Railways: West Anglia

Lord Hanningfield asked Her Majesty's Government:

Lord Bassam of Brighton: These are operational matters for Network Rail as the owner and operator of the national rail network. The details can be obtained from Network Rail's chief executive at the following address: Iain Coucher, Chief Executive, Network Rail, 40 Melton Street, London, NW1 2EE.



10 July 2008 : Column WA102

Revenue and Customs: Varney Report

Lord Oakeshott of Seagrove Bay asked Her Majesty's Government:

Lord Davies of Oldham: One of the outcomes of the Varney report was that both business and HMRC wanted to see an efficient risk-based approach to dealing with tax matters. HMRC has issued detailed guidance on its approach to tax compliance risk management for the largest businesses. The risk framework guidance makes it clear that corporate governance, including transparency in its dealings with HMRC, is a behavioural risk which will be taken into account in classifying a business as low risk or not. HMRC has supported nearly 40 per cent of large businesses to become low risk while deploying specialist resource to high-risk businesses.


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