Earl Attlee
Main Page: Earl Attlee (Conservative - Excepted Hereditary)Department Debates - View all Earl Attlee's debates with the Department for Transport
(7 years, 3 months ago)
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Lord Ahmad of Wimbledon
The noble Lord always brings a particular viewpoint to our debates here and he has done so again. It is a matter for the Scottish National Party to determine its ideology. However, if it is being won over by the positive agenda of the Conservative Government then I welcome that.
Earl Attlee (Con)
My Lords, does the Minister agree that it is essential to have an RPI formula in order that the train operating companies do not have to try to forecast where inflation might be in several years’ time?
Lord Ahmad of Wimbledon
My noble friend is right to raise this issue. The basis we currently use, as I have been clear, is RPI. It is important to provide certainty to the market not just for people using the services but, as he points out, for rail companies as well. As I have said, once we see the result of the consultation we will look at this.