Thank you, Madam Deputy Speaker, and, to be clear, I am afraid that we heard all sorts of rather pointless interventions earlier, and what we would like to do is make some progress, I think, so we can understand what this Bill is all about.
So let me put some numbers in front of Opposition Members to give them some facts, rather than having them shroud-waving. I understand from TfL that this private Bill could immediately generate savings in excess of £50 million by improving its hedging power, enabling it to borrow money in a cost-effective way and make the most of its assets. If Opposition Members do ever take the tube, they will see the money the tube generates is reinvested in investment programmes, delivering the sorts of transport investments their constituents need.
The Department supports TfL’s commercial programme. We want TfL to better maximise its unique commercial position. We want it to generate the maximum potential from the public assets that it will continue to own, and we believe—