Tenth Report - Overview of the English rail system
Select Committee
Public Accounts Committee
HC 170
7 July 2021
Government response
Treasury minutes: Government response to the Committee of Public Accounts on the Tenth report from Session 2021-22 · published 28 Oct 2021
Recommendations & Conclusions
1 results
12
Conclusion
Accepted in Part
Since privatisation in the 1990s, cash flows in the rail system have become increasingly complex.
Conclusion
Since privatisation in the 1990s, cash flows in the rail system have become increasingly complex. Although the rail system is privatised, government still provides significant funding for infrastructure operations, maintenance and renewals, and ongoing subsidy for passenger service operations. The …
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Government Response Summary
The government acknowledges the need for greater financial transparency, is already publishing some operational support data, and has begun work to develop ‘whole-system’ financial reporting, but will only consider options for publishing this material once complete due to commercial and regulatory constraints.
HM Treasury
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