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British Rail (Investment)

Volume 164: debated on Thursday 21 December 1989

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To ask the Secretary of State for Transport if he will bring forward an amendment to the Railways Act 1968 to permit British Rail to invest speculatively; and if he will make a statement.

British Rail's duties and powers, which are defined mainly by the Transport Act 1962, enable British Rail to carry out any investment required for the purpose of its business. If my hon. Friend has a particular point in mind, I should be grateful if he would write to me.