This from our man at 221b Baker Street...
Mornin' Holmes, have you seen the Public Accounts Committee report on the Intercity West Coast franchise debacle? It makes most interesting reading.
Indeed I have, Watson, and it is a tribute to the forensic abilities of the Committee's Chairwoman Margaret Hodge, second only in my estimation of the fairer sex to Eirene Adler. And you will have noticed in the transcript of the evidence session with the DfT Permanent Secretary and his Director General the significance of the question as to why the Department's Contract Awards Committee thought it necessary to impose a Subordinated Loan Facility on Virgin, where the calculations indicated that none was required, whilst at the same time reducing the sizeable SLF for First Group?
But Holmes, I didn't see that question in the transcript.
That, Watson, is the significance!
Indeed I have, Watson, and it is a tribute to the forensic abilities of the Committee's Chairwoman Margaret Hodge, second only in my estimation of the fairer sex to Eirene Adler. And you will have noticed in the transcript of the evidence session with the DfT Permanent Secretary and his Director General the significance of the question as to why the Department's Contract Awards Committee thought it necessary to impose a Subordinated Loan Facility on Virgin, where the calculations indicated that none was required, whilst at the same time reducing the sizeable SLF for First Group?
But Holmes, I didn't see that question in the transcript.
That, Watson, is the significance!
Posts
