Rolling Stock Companies: Taxation

(asked on 18th December 2025) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, if she will make an assessment of the potential merits of a windfall tax on current Rolling Stock companies (ROSCOs).


Answered by
James Murray Portrait
James Murray
Chief Secretary to the Treasury
This question was answered on 9th January 2026

Rolling stock leasing companies (ROSCOs) play an important role in the transport industry, bringing benefits to both taxpayers and passengers.

Great British Railways will work with ROSCOs and manufacturers in an effective and streamlined way. The government will also develop a long-term strategy for rolling stock, which will support manufacturing and ensure a stable pipeline of work.

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