Question to the Department for Transport:

To ask Her Majesty's Government what assessment they made of the impact on the budget of the Department for Transport of the changes to the franchising regime announced on 29 November; and whether the Department agreed those changes in advance with Her Majesty’s Treasury.

We work with Her Majesty’s Treasury on all issues that affect significant public spending and budget allowance.

At Her Majesty’s Government, investment decisions are made based on a rigorous and fair appraisal process that ensures spending goes to the projects and programmes where it is most needed and delivers greatest value-for-money for both taxpayers and passengers.

We are always looking for the best ways to achieve value for money for the tax payer and the best results for passengers. Announced reforms will build on the best of the public and private sectors, with private sector involvement bringing innovation, investment and competition.