Again, let us look at the facts. Since 2012, 8,000 new rolling stock vehicles have been manufactured—that is out of a total fleet of 15,600, so it is a relatively young fleet. Taking into account the fact that the fleet tends to last 35 to 40 years, and that it now has an average of 17 years’ service, I hope that the hon. Gentleman will see that there has been a substantial investment in rolling stock from the Government—the UK taxpayer—and from private train operators.

The hon. Gentleman asks when the legislation for rail reform will be brought forward. I am very keen for that to happen, and it is on its journey right now. The Transport Committee, of which he is a leading member, is providing the pre-legislative scrutiny. I very much hope that the Committee will finish its work in time for the summer recess, giving us two months to respond, and that there will be cross-party support in both Houses for what is I believe is sensible legislation that will allow us to deliver rail reform.