1-10 of 10 results for subject:Leasing
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To ask the Secretary of State for Transport, what comparative assessment he has made of the merits of (a) directly procuring rolling stock and (b) leasing trains from rolling stock companies.
To ask the Secretary of State for Transport, what comparative assessment he has made of the merits of (a) directly procuring rolling stock and (b) leasing trains from rolling stock companies.
The Secretary of State has not currently made assessments of procuring or leasing rolling stock directly from manufacturers or rolling stock owning companies. The UK rolling stock market has been a vibrant one and passengers are benefiting from private investment in new trains across the country.
To ask the Chancellor of the Exchequer, if his Department will make an assessment of the potential merits of introducing repayment holidays for vehicle leasing during the covid-19 outbreak.
To ask the Chancellor of the Exchequer, if his Department will make an assessment of the potential merits of introducing repayment holidays for vehicle leasing during the covid-19 outbreak.
On 27 April, the Financial Conduct Authority (FCA) published guidance that sets out what it expects firms to do for customers who are facing temporary payment difficulties due to the exceptional circumstances arising from COVID-19. This includes granting the customer a payment deferral for 3 months on motor finance and leasing payments.
The Government continues to work closely with the FCA and industry on this matter and stand ready to protect consumers wherever it is necessary.
To ask the Secretary of State for Transport, what assessment he has made of the potential merits of (a) capping or (b) suspending the payment of operating lease charges for rolling stock during the the covid-19 outbreak.
To ask the Secretary of State for Transport, what assessment he has made of the potential merits of (a) capping or (b) suspending the payment of operating lease charges for rolling stock during the the covid-19 outbreak.
There has been no assessment made as these are legally binding contracts between the train operator and the rolling stock company. The expectation is that all contracted rolling stock will be required to manage social distancing on trains. Since the COVID-19 pandemic began I have met with the main rolling stock companies to discuss how they can support industry and the country during this time.
To ask the Secretary of State for Transport, what steps he his taking to protect the public from the high costs of operating leases on privately owned rolling stock as a result of the Emergency Measures Agreements with train operating companies.
To ask the Secretary of State for Transport, what steps he his taking to protect the public from the high costs of operating leases on privately owned rolling stock as a result of the Emergency Measures Agreements with train operating companies.
Rolling stock contracts are fixed over the term of the original franchise and were competitively procured by the operators; the same payments will continue through the period of the EMA.
To ask the Secretary of State for Transport, whether he has plans to introduce a derogation from contractual obligations to pay operating lease charges for rolling stock.
To ask the Secretary of State for Transport, whether he has plans to introduce a derogation from contractual obligations to pay operating lease charges for rolling stock.
These leases were competitively procured and contractually binding. The operators will require all their rolling stock to manage social distancing.
To ask the Chancellor of the Exchequer, if he will take steps to require equipment leasing companies to give customers that are in financial difficulties as a result of the covid-19 outbreak a three month payment holiday; and if he will make a statement.
To ask the Chancellor of the Exchequer, if he will take steps to require equipment leasing companies to give customers that are in financial difficulties as a result of the covid-19 outbreak a three month payment holiday; and if he will make a statement.
The Government has introduced an unprecedented £350bn package of measures to support businesses access the finance they need during this difficult period, and announced significant measures to directly provide support for SMEs including grants, business rates relief and other tax measures.
Any customer who is concerned about their current financial situation should get in touch with their lender at the earliest possible opportunity to discuss the best option for their them.
To ask the Secretary of State for Transport, with reference to the Answer of 4 November 2019 to Question 7726 on London-Exeter Railway Line: Rolling Stock, whether he has exercised the call option over the leasing costs of the 36 Eversholt Rail funded class 802 b-modes operating on the West...
To ask the Secretary of State for Transport, with reference to the Answer of 4 November 2019 to Question 7726 on London-Exeter Railway Line: Rolling Stock, whether he has exercised the call option over the leasing costs of the 36 Eversholt Rail funded class 802 b-modes operating on the West...
As part of considerations for the future of the franchise, the Department is engaged with the incumbent operator in commercially confidential discussions in order to secure the best prices available for all train leases for the existing train fleet, which includes the Class 802’s.