§ Lord Brougham and Vaux
asked Her Majesty's Government:
Whether the BR Board will be issuing guidance to BR staff on management-employee buy-outs for franchises.
§ The Parliamentary Under-Secretary of State, Department of Transport (Lord MacKay of Ardbrecknish)
British Rail issued guidelines to its staff on 3 February covering the arrangements BR will be adopting to help managers and staff wishing to mount management-employee buy-outs for franchises, including the provision of financial assistance, and to minimise potential conflicts to interest which may arise. Copies have been placed in the Library.