HC Deb 21 January 2002 vol 378 c648W
Miss McIntosh

To ask the Chancellor of the Exchequer what implications Railtrack's successor's(a) spending and (b) borrowing requirements will have for the PSBR. [28825]

Mr. Andrew Smith

Railtrack's successor is expected to be in the private sector. Its spending and borrowing will have no impact on public sector net borrowing.

Government subsidies and investment grants paid to the rail industry add to public sector net borrowing. This will be the same when Railtrack's successor is established.