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Summer Adjournment

I was shadow Minister for London at the time that that scheme was being discussed, and it was as clear as day that consortiums put together with £2 share capital do not have the balance sheets to support the deficits that they will inevitably run into. The result is that the problem comes back to the Chancellor of the Exchequer. Should not the Government at least let such contracts to proper companies with proper balance sheets that can underwrite the cost overruns, which are probably their fault in any case?