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To ask the Secretary of State for Transport, whether her Department has undertaken an assessment of the potential impact of rolling stock continuing to be leased from private rolling stock companies following the transfer of train operators into public ownership on the public purse; whether alternative ownership structures are under...
To ask the Secretary of State for Transport, whether her Department has undertaken an assessment of the potential impact of rolling stock continuing to be leased from private rolling stock companies following the transfer of train operators into public ownership on the public purse; whether alternative ownership structures are under...
The Department is considering these issues as part of the development of the Rolling Stock and Infrastructure Strategy, to be published later this year. It will set out how we will secure rolling stock that supports consistent, reliable services for passengers, while reducing the net subsidy of the railway to provide value for money for the taxpayer.
Following the transfer of train operations into public ownership, existing rolling stock lease arrangements will continue in place ensuring the continuity of services. We recognise the significant investment that the private sector has brought to the rolling stock market.
The Department engages with the Office for National Statistics (ONS) on classification matters in the usual way. However, classification decisions are made independently by the ONS.
To ask the Secretary of State for Transport, what assessment her Department has made of trends in the residual values of (a) battery electric vehicles and (b) internal combustion engine vehicles; and what assessment she has made of the impact of those trends on the vehicle leasing and rental sectors.
To ask the Secretary of State for Transport, what assessment her Department has made of trends in the residual values of (a) battery electric vehicles and (b) internal combustion engine vehicles; and what assessment she has made of the impact of those trends on the vehicle leasing and rental sectors.
The Government is aware that, despite strong growth of the used electric vehicle (EV) market, the residual values of some EVs have depreciated more quickly than their internal combustion engine equivalents. The used EV market continues to mature, but we are aware that developments in EV technology and increasingly affordable new models have put downward pressure on used EV prices.
We are actively supporting industry-led working groups focused on the used EV market and supporting the health of the rental and leasing sectors. We will continue to work closely with industry, including the British Vehicle Rental and Leasing Association, on this.
To ask the Secretary of State for Transport, whether she has made an assessment of the potential implications for her Department’s policies on (a) electric vehicle uptake, (b) automotive production, and (c) transport affordability for lower-income households of the French social leasing scheme.
To ask the Secretary of State for Transport, whether she has made an assessment of the potential implications for her Department’s policies on (a) electric vehicle uptake, (b) automotive production, and (c) transport affordability for lower-income households of the French social leasing scheme.
The Department regularly engages with French counterparts on policy, including support for zero emission vehicles, and is carefully reviewing the recent (10 April) announcement of the third iteration of the French Government’s Social Leasing scheme.
To ask the Secretary of State for Transport, what assessment she has made of the potential merits of bringing train leasing companies into public ownership, including to achieve a fair price for leasing rolling stock.
To ask the Secretary of State for Transport, what assessment she has made of the potential merits of bringing train leasing companies into public ownership, including to achieve a fair price for leasing rolling stock.
Rolling stock companies own and lease trains and carriages worth billions of pounds. It would not be responsible for the Government to take on the cost of renationalising all the rolling stock at the present time, as there are other urgent pressures on the public purse and we need to focus on wider rail reform.
We recognise the value that the private sector can bring, including funding improved trains and infrastructure. But we must secure much better value from the rolling stock market in future – which is why for the first time in over 30 years, the Government is developing a long-term rolling stock and infrastructure strategy. We expect to publish this strategy later in 2026.
New clause 31 negatived on division (3 to 8). New clause 32 negatived on division (3 to 9). New clause 33 negatived on division (4 to 9). New clause 35 negatived on division (4 to 9). New clause 37 negatived on division (3 to 10). New clause 42 negatived on division (4 to 9). New clause 45 negatived on division (3 to 9). New clause 47 negatived on division (2 to 10). New clause 54 negatived on division (1 to 9). New schedule 1 agreed to. Clauses 87, 89, 92 and 93 agreed to. Schedule 3, amendments 186 to 199 agreed to. Schedule 3, as amended, agreed to. Clause 90, amendments 200 to 263 agreed to. Clause 91, amendments 201 and 202 agreed to. Clauses 90 and 91 as amended, agreed to. Bill, as amended, to be reported (Bill 373).
New clause 31 negatived on division (3 to 8). New clause 32 negatived on division (3 to 9). New clause 33 negatived on division (4 to 9). New clause 35 negatived on division (4 to 9). New clause 37 negatived on division (3 to 10). New clause 42 negatived on...
To ask the Secretary of State for Transport, when she expects the Office for National Statistics to (a) determine a timescale for its review of rolling stock leasing agreements and (b) identify which leases or train operating companies will form part of the review sample.
To ask the Secretary of State for Transport, when she expects the Office for National Statistics to (a) determine a timescale for its review of rolling stock leasing agreements and (b) identify which leases or train operating companies will form part of the review sample.
Timescales for its work in this area are for the ONS to determine, as an independent body.
To ask the Secretary of State for Transport, pursuant to the Answer of 11 November 2025 to Question 87421 on Rolling Stock: Leasing, on what terms South Western Railway’s rolling stock leasing arrangements were transferred into public ownership; and what the cost to the public purse is of those arrangements.
To ask the Secretary of State for Transport, pursuant to the Answer of 11 November 2025 to Question 87421 on Rolling Stock: Leasing, on what terms South Western Railway’s rolling stock leasing arrangements were transferred into public ownership; and what the cost to the public purse is of those arrangements.
South Western Railway’s (SWR) rolling stock leases had the same end dates as the operator’s National Rail Contract, 25 May 2025. Rolling stock leases were negotiated and awarded alongside the transfer of SWR’s operations into public ownership. Details can be found on the Government’s Find a Tender website.
The Department had been aware of the details of SWR’s rolling stock leases from when they were first put in place. The expected costs of renewing the lease were therefore already recognised in expected future budget requirements for SWR.
To ask the Secretary of State for Transport, pursuant to the Answer of 17 October 2025 to Question 77156 on Rolling Stock: Leasing, whether any of the train operating companies transferred into public ownership since July 2024 have seen rolling stock leasing arrangements novated unchanged to the new public sector...
To ask the Secretary of State for Transport, pursuant to the Answer of 17 October 2025 to Question 77156 on Rolling Stock: Leasing, whether any of the train operating companies transferred into public ownership since July 2024 have seen rolling stock leasing arrangements novated unchanged to the new public sector...
We are transferring currently franchised services into public ownership as current contracts expire, after they reach their contractual break point or if the contractual right to terminate is met - avoiding the need to pay compensation to the current operators for early termination. The services of three train operating companies have transferred into public ownership since July 2024, South Western Railway, c2c and Greater Anglia. The leasing arrangements for both c2c and Greater Anglia were novated on their existing terms. The Government had already been covering the costs of these since the pandemic. The annual cost of rolling stock to operators is published on an annual basis by the Office for Rail and Road.
To ask the Minister for the Cabinet Office, whether the Office for National Statistics classifies rolling stock leasing liabilities as part of the public sector balance sheet.
To ask the Minister for the Cabinet Office, whether the Office for National Statistics classifies rolling stock leasing liabilities as part of the public sector balance sheet.
The information requested falls under the remit of the UK Statistics Authority.
A response to the Hon gentleman’s Parliamentary Question of 10th October is attached.
To ask the Secretary of State for Transport, what estimate her Department has made of the annual cost to the public purse for payments associated with rolling stock leasing agreements following the transfer of train operating companies into state control.
To ask the Secretary of State for Transport, what estimate her Department has made of the annual cost to the public purse for payments associated with rolling stock leasing agreements following the transfer of train operating companies into state control.
It is expected that future transfers will see existing rolling stock leasing arrangements novate to the new public sector operator on existing terms as part of the transfer of operations into public ownership. Therefore, we do not expect changes to current cost estimates as a result of the transfer of operations into public ownership.
To ask the Secretary of State for Transport, what the cost to the public purse is for (a) direct and (b) indirect liability for rolling stock leasing debt following the transfer of train operating companies into public ownership.
To ask the Secretary of State for Transport, what the cost to the public purse is for (a) direct and (b) indirect liability for rolling stock leasing debt following the transfer of train operating companies into public ownership.
The Department does not expect any changes to current rolling stock debt liabilities as a direct consequence of the transfer of train operating companies into public ownership.
To ask the Secretary of State for Environment, Food and Rural Affairs, what steps his Department is taking to encourage landowners to offer longer-term leases to tenant farmers.
To ask the Secretary of State for Environment, Food and Rural Affairs, what steps his Department is taking to encourage landowners to offer longer-term leases to tenant farmers.
The Department recognises the benefits that longer-term tenancy agreements can provide for both tenants and landlords. The joint Defra-Industry Farm Tenancy Forum is working on guidance and best practice to encourage more landlords and tenants to enter into longer-term agreements. Alongside this we continually look at how fiscal and policy interventions across the Department may impact on landlord decisions to offer longer-term agreements. In addition, we are in the process of appointing a Commissioner for the Tenant Farming Sector to help embed fair practice across the sector.
To ask the Secretary of State for Environment, Food and Rural Affairs, whether he plans to introduce any (a) fiscal and (b) policy incentives to support longer-term leasing arrangements between (i) landowners and (ii) tenant farmers.
To ask the Secretary of State for Environment, Food and Rural Affairs, whether he plans to introduce any (a) fiscal and (b) policy incentives to support longer-term leasing arrangements between (i) landowners and (ii) tenant farmers.
The Department recognises the benefits that longer-term tenancy agreements can provide for both tenants and landlords. The joint Defra-Industry Farm Tenancy Forum is working on guidance and best practice to encourage more landlords and tenants to enter into longer-term agreements. Alongside this we continually look at how fiscal and policy interventions across the Department may impact on landlord decisions to offer longer-term agreements. In addition, we are in the process of appointing a Commissioner for the Tenant Farming Sector to help embed fair practice across the sector.
To ask the Secretary of State for Transport, if she will list all (a) start and (b) end dates for lease agreements held by Highways England for their vehicle fleet.
To ask the Secretary of State for Transport, if she will list all (a) start and (b) end dates for lease agreements held by Highways England for their vehicle fleet.
National Highways does not currently have any lease agreements for vehicles in place for its vehicle fleet.
To ask the Secretary of State for Transport, what plans she has for the future of rolling stock leasing agreements.
To ask the Secretary of State for Transport, what plans she has for the future of rolling stock leasing agreements.
The Secretary of State currently has no plans to change the way rolling stock is leased. The private sector play an important role in the rolling stock market in Great Britain. We expect rolling stock owners to continue to use their commercial, engineering and technical expertise to engage with the Department, operators and local authorities to ensure that rolling stock solutions continue to meet passenger demands whilst delivering value for money to the public purse.
Lords committee stage second day. Clause 2 under consideration. (Part 2 of 2).
Lords committee stage second day. Clause 2 under consideration. (Part 2 of 2).
Moved by
Lord Moylan
19: Clause 2, page 2, line 23, at end insert—
“30ZA Independent financial monitoring of public sector companies
(1) The Secretary of State must, within three months of the day on which the Passenger Railway Services (Public Ownership) Act 2024 comes into force, instruct an independent body to conduct monitoring...
Moved by
Lord Moylan
19: Clause 2, page 2, line 23, at end insert—
“30ZA Independent financial monitoring of public sector companies
(1) The Secretary of State must, within three months of the day on which the Passenger Railway Services (Public Ownership) Act 2024 comes into force, instruct an independent body to conduct monitoring...
My Lords, I suspect that this will be one of the shorter debates in our consideration of this Bill in Committee, but it is one of the most important. It will be short, I suspect, because this group is rather technical, but it has very great significance, not only for...
My Lords, I suspect that this will be one of the shorter debates in our consideration of this Bill in Committee, but it is one of the most important. It will be short, I suspect, because this group is rather technical, but it has very great significance, not only for...
My Lords, one of the clear attractions of the new system should be increased transparency. There should be no chance that the new authority would be able to hide behind commercial
confidentiality. One public body would make life very much easier in terms of national answerability. I do not agree...
My Lords, one of the clear attractions of the new system should be increased transparency. There should be no chance that the new authority would be able to hide behind commercial
confidentiality. One public body would make life very much easier in terms of national answerability. I do not agree...
First, I briefly note my intention to write to the noble Lord, Lord Teverson, on his points about public investment that I did not manage to address on Monday. I also intend to address later the question asked by the noble Lord, Lord Young of Cookham, on Monday.
On fares, there...
First, I briefly note my intention to write to the noble Lord, Lord Teverson, on his points about public investment that I did not manage to address on Monday. I also intend to address later the question asked by the noble Lord, Lord Young of Cookham, on Monday.
On fares, there...