Prince of Daftness

Telegrammed by our man at 222 Marylebone Road
More tosh from the factually challenged Lord Adonis, Prince of Daftness

Lord Wallace of Saltaire (Deputy Leader, House of Lords; Liberal Democrat) Hansard source
My Lords, the arrangements whereby railway leasing companies own the stock and the Government order it appear to have provided substantial and reliable revenue and profit for banks over the past few years. Do the Government intend to revisit the arrangements whereby rolling stock is acquired, owned and leased?

Lord Adonis (Minister of State, Department for Transport; Labour)
My Lords, we intend to keep the existing structure in place, but the department has a very keen interest in ensuring that these 1,300 vehicles are procured as rapidly as we practically can. I would not want to close particular options for the way that we might procure those vehicles.

You wouldn't think it from the pace of negotiations with the TOCs!!