Question to the Department for Transport:

To ask the Secretary of State for Transport, pursuant to the oral contribution of the Minister of State of 17 March 2021, Official Report, column 447, that Transport for the North’s budget was adjusted to ensure it did not build up unnecessarily large reserves, what his estimate is of an acceptable reserve.

As I stated in the House during the adjournment debate on this subject on 17 March 2021, the Department for Transport and Transport for the North have an agreed minimum reserve level of £2 million.