East Coast Main Line Debate

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Department: Department for Transport

East Coast Main Line

Stephen Hepburn Excerpts
Thursday 27th November 2014

(9 years, 5 months ago)

Commons Chamber
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Stephen Hepburn Portrait Mr Stephen Hepburn (Jarrow) (Lab)
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As a regular user of this service, I agree with the Secretary of State that East Coast making a profit is not a bad thing. The difference is that we want that £1 billion profit going back to the people of this country—not lining the pockets of his Tory friends.

Lord McLoughlin Portrait Mr McLoughlin
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The fact is, as I said, that directly operated railways have basically paid £1 billion to the Exchequer over the past five years. The new intercity express will pay £3.3 billion over eight years.