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Cross-Solent Ferries

26 March 2024

Lead MP

Bob Seely
Isle of Wight
Con

Responding Minister

Huw Merriman

Tags

EconomyTaxationTransportStandards & Ethics
Word Count: 4212
Other Contributors: 1

At a Glance

Bob Seely raised concerns about cross-solent ferries in Westminster Hall. A government minister responded.

Key Requests to Government:

The Minister should consider supporting a Bill for a UK ferries regulator, demand the rights to sign off on firms' timetables as they do for rail services, and explore options such as central Government funding for healthcare-related visits and beefed-up powers for the transport infrastructure board.

How the Debate Unfolded

MPs spoke in turn to share their views and ask questions. Here's what each person said:

Lead Contributor

Isle of Wight
Opened the debate
The relationship between the ferry firms and the people of the Isle of Wight is breaking down. The ferries are a genuine lifeline, but they have no public service obligation. Services from Wightlink and Red Funnel have worsened due to private equity-style ownership, leading to issues such as unreliable timetables, high debt levels, and inflated valuations. For example, in 2023, Wightlink had tangible assets of £85 million with an operating profit of £15 million, while Red Funnel's valuation rose from £200 million in 2007 to £370 million in later years.

Government Response

Huw Merriman
Government Response
The Government are committed to supporting reliable ferry services for the Isle of Wight, particularly during the pandemic when significant funds were provided to the Isle of Wight Council. The minister acknowledges that while cross-Solent ferries are vital, they operate in a commercial market where intervention is limited unless local solutions can be found. He commends the work done by Bob Seely on his recent plan for ferry services, including better pricing and transparency. The Government will consider the report thoroughly after consultation with constituents and the Isle of Wight Council. Additionally, he highlighted the ongoing independent review into Red Funnel's service disruptions last week and the maritime Minister's upcoming meeting with the company to discuss recommendations.
Assessment & feedback
Summary accuracy

About Westminster Hall Debates

Westminster Hall debates are a chance for MPs to raise important issues affecting their constituents and get a response from a government minister. Unlike Prime Minister's Questions, these debates are more in-depth and collaborative. The MP who secured the debate speaks first, other MPs can contribute, and a minister responds with the government's position.