HC Deb 09 May 1986 vol 97 c279W
Mr. Tony Banks

asked the Secretary of State for Transport what discussions he has had with London Regional Transport on further reductions in its revenue subsidy; if he plans to issue directives requiring it to operate with zero revenue subsidy; and if he will make a statement.

Mr. David Mitchell

London Regional Transport's performance in bringing public transport services under efficient management means that the industry will need less revenue subsidy than was assumed in 1984 when Government objectives were set. I welcome the indications from LRT that if current performance is maintained there are prospects of relieving ratepayers and taxpayers of the burden of revenue subsidy.