London and Continental Railways Debate
Full Debate: Read Full DebateDepartment: Department for Transport
Lord McLoughlin
Main Page: Lord McLoughlin (Conservative - Life peer)Department Debates - View all Lord McLoughlin's debates with the Department for Transport
London and Continental Railways
Lord McLoughlin Excerpts(9 years, 11 months ago)
Written StatementsRead Full debate Read Hansard Text Read Debate Ministerial Extracts
The Secretary of State for Transport (Mr Patrick McLoughlin)
I can today inform the House that the Department for Transport has transferred its 40% stake in Eurostar (held through London and Continental Railways) to Her Majesty’s Treasury.
This is to address any perceived or actual conflict of interests resulting from the interaction between the Government’s stake in Eurostar and the east coast franchise competition, and in particular any perception of bias arising out of the Secretary of State’s shareholding in London and Continental Railways.