London Underground

At the time of the PPP, I was on the board of Transport for London. I was a virulent opponent of the PPP, which I fought tooth and nail. I will not repeat the comments that have been made already, but I will try to add to them, because the issue of lessons learned is important. I hope that the Treasury is listening, because it carries a large part of the responsibility for how the negotiations were handled and for the consequences for London's transport system. The whole PPP negotiation was done in a very ideological context. The hon. Member for Leyton and Wanstead (Harry Cohen) was right; the Conservatives had taken the position that the PPP did not go far enough—