(11 years, 5 months ago)
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I last spoke to my colleague probably two weeks ago. Certainly, he has changed his mind.
Does my hon. Friend recognise that Lord Adonis made his remarks some years ago on the basis of a National Audit Office report that looked at only eight franchises? That report underestimated the 2011-12 subsidy necessary from the taxpayer to those eight franchises by £224 million. We cannot rely on those comments, which were made in good faith at that time on false information.
The noble Lord is not here to set out his position, but I am sure that we will hear from him in due course.