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Railways: Investment

My Lords, those of us who take an interest in these matters will welcome many parts of the Statement that the Minister has just made. The previous Government promised an electrified Great Western main line. That line has never ended at Oxford but goes a considerable distance further west than that. Will he give us some assurance that the Oxford of tomorrow does not become the Bedford of yesterday—namely, a terminus for electric trains—rather than the whole line being electrified? Without getting into the argument between the two Front Benches on the exact number of new coaches, can the Minister give the House some assurance that he will do what he can to see that those coaches are constructed in the United Kingdom? Furthermore, does he accept that the one downside of his Statement is the proposal to allow train operating companies to increase fares by inflation plus 3 per cent? Is he aware that that was a favourite tactic of British Rail in the days of the nationalised industry under successive Governments? Such increases appear guaranteed to choke off new passenger demand, rather than, as the Government’s stated objective supposedly is, to increase the number of passengers carried on Britain’s railway system.