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UK PARLIAMENT · SITTING

Tristan Osborne

MP for Chatham and Aylesford · Labour · United Kingdom

IN THEIR OWN WORDS

“You might have a situation where various people are claiming quite high margins or they are being aggressive in that sense, but the UK has the other problem, where people are not on it around costs. They are not working out what the best structure is to ensure that costs keep falling.”

House of Commons29 October 2026Contains Parliamentary information licensed under the Open Parliament Licence v3.0Source ↗

“Q This question links to the independent review. I questioned the ORR on this. Obviously, you are sitting on the other side of the table, and you are looking to extract as much as you can from an investor perspective. You represent one side of the spectrum, and the regulators are on the other side.”

House of Commons29 October 2026Contains Parliamentary information licensed under the Open Parliament Licence v3.0Source ↗

“I would be concerned if the private sector had large commercial control and contract teams and the public sector did not have them and was out-negotiated. That is certainly possible if civil servants are not able to properly push back on price increases.”

House of Commons29 October 2026Contains Parliamentary information licensed under the Open Parliament Licence v3.0Source ↗

“As an infrastructure investor, we provide, candidly, the lowest cost private capital that is available across the world. If you are attracting John Laing and people like us, I can guarantee that you are getting the lowest cost of equity capital that you can possibly attract and therefore the risk transfer needs to be accordingly appropria…”

House of Commons29 October 2026Contains Parliamentary information licensed under the Open Parliament Licence v3.0Source ↗

“Steve Gooding: On the first point, the Bill is not specific even to the Dartford crossing or the lower Thames crossing, so I do not think that it takes account of the other schemes we have talked about per se, other than in the general duty for the Secretary of State and ORR to consider the network as a whole.”

House of Commons29 October 2026Contains Parliamentary information licensed under the Open Parliament Licence v3.0Source ↗

“Q I have a question on the ORR. My line of questioning is about whether the regulator is ready. Obviously we had the independent report last month. I challenged on one particular finding of that. Is the ORR ready for this challenge? Is the regulatory landscape in a firm place where we can solicit investor interest next year?”

House of Commons29 October 2026Contains Parliamentary information licensed under the Open Parliament Licence v3.0Source ↗