Transport for London Bill [Lords]

I do not want to go off the rails that Madam Deputy Speaker has just set, but this “Mind the gap” that the hon. Gentleman is crying goes to the heart of the matter. Is not new clause 1 the place to deal with this? The Bill is driven by the gap that the Government and the Department for Transport have indicated to this Mayor of London—any Mayor of London—and the Mayor and TfL are being driven to asset-strip public assets. Left-wing thinking has moved on. Even the hon. Gentleman’s left-wing thinking has moved on. In principle we are not against public bodies earning money from non-performing assets that they hold, but we are not prepared to do so in secrecy and using dodgy vehicles in the Channel islands or parts even more exotic than that.