§ Mr. Gerald BowdenTo ask the Secretary of State for Transport what plans he has for any future privatisation programme; and if he will name the financial advisers employed to advise on such a programme.
§ Mr. PortilloMy right hon. Friend keeps the options for further privatisation under constant review. A study of the long-term options for British Rail is in progress, including the feasibility of transfer to the private sector.
As part of that work Deloitte, Haskins and Sells was appointed to carry out a factual study of the structural options, National Economic Research Associates to advise on regulation and Samuel Montagu to provide financial advice.