HC Deb 15 April 1994 vol 241 cc335-6W
Mr. Wilson

To ask the Secretary of State for Transport if he will list the salaries and principal conditions from 1 April of(a) the chairman of British Rail, (b) the chairman of Railtrack, (c) the Rail Regulator and (d) the Franchising Director.

Mr. Freeman

The salaries and principal conditions are in the table. Salaries are at 1993–94 rates, to be reviewed with effect from 1 April 1994.

Name Salary £ Time commitment and expiry of appointment
(a) Sir Bob Reid 131,663 Three days per week —31 March 1995
(b) Robert B. Horton 121,800 Three days per week—31 March 1997
(c) John Swift, QC 125,000 Full time—30 November 1998
(d) Roger Salmon 100,000 Four days per week—7 November 1998

Mr. Bayley

To ask the Secretary of State for Transport whether the Government intend to privatisse Railtrack within the next three years.

Mr. Freeman

The Government's aim is to transfer all parts of the railway, including Railtrack, to the private sector. Railtrack has been established as a Government-owned company which will adopt the commercial approach expected of successful private sector businesses. This will facilitate its privatisation, although it is too soon to say when that will be.

Mr. Lester

To ask the Secretary of State for Transport when he will be consulting the British Rail pension trustees and other interested parties on the Government's detailed proposals for railway pensions after privatisation.

Mr. Freeman

Drafts of the initial pensions orders, the proposed trust deed and rules of the joint railway industry pension scheme, and associated documents were sent to the trustees and other interested parties on 31 March. Comments are requested by 25 April. Copies of these documents have been placed in the Libraries of both Houses.