• Question by: Bob Neill
• Meeting date: 16 January 2002

Do you think, following your discussion with the Budget Committee last week that it might be more sensible to have the performance targets for TfL in place before you ask the Assembly to increase the budget rather than after?

• Question by: Bob Neill
• Meeting date: 16 January 2002

To what extent are these items, under revenue, essentially capital items? Have you thought of capitalising any of the revenue items?

• Question by: Angie Bray
• Meeting date: 16 January 2002

So, Londoners find themselves between a rock and a hard place really, don't they? What do you think Londoners will think; between you and the Labour Government they're being left with this huge, unknown problem facing all of us, and an Underground that continues to get worse?

• Question by: Bob Neill
• Meeting date: 16 January 2002

What about borrowing to save an increase on the precept? Is that out of the window or not?

• Question by: Angie Bray
• Meeting date: 16 January 2002

Just one last question. Presumably you will have to meet some expenses. Whether or not you've won a case against the Government, which of your priorities in transport may have to slip in order to find the money to make some of the improvements or at least keep the Tube running as all of us wish you would? Is it your wonderful buses that are going to have to move into second place? There must be something that will have to give in order for TfL to be able to take up its responsibility.

• Question by: Angie Bray
• Meeting date: 16 January 2002

Does that mean that you will be making up for what you weren't able to spend the money on?

• Question by: Angie Bray
• Meeting date: 16 January 2002

It does seem rather unfortunate that TfL was sitting on a lot of money, which it couldn't spend. How did that arise in the first place?

• Question by: Bob Neill
• Meeting date: 16 January 2002

I was also interested to hear that suddenly you were concerned that the underspend is because you weren't able to borrow. You told the Budget Committee that you were a monetarist and that you're broadly opposed to borrowing and that you prefer to fund initiatives out of revenue. So what are you? Is it Wednesday or Thursday? Are you a borrower or a monetarist?

• Question by: Angie Bray
• Meeting date: 16 January 2002

You've also been talking in recent days about your concern about the arrival of the tube in the hands of TfL and that you don't feel you're going to be getting the money from the Government that you'll need to meet some of the costs attached to it such as the Jubilee Line extension, is that correct?

• Question by: Angie Bray
• Meeting date: 16 January 2002

I'm just wondering whether it's an entirely responsible line to take? They definitely aren't going to make any provision at all and yet Londoners have all wanted TfL to take control of the Tube and you're saying you're not making any provisions for the expenses that might come your way? I find that extraordinary.