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<p>Ownership by non-UK governments accounts for 29% of the DfT-managed franchise market
(based on notional share of passenger revenues during 2017/18). This calculation excludes
train operators other than DfT-managed franchisees.</p><p> </p><p>All franchise bidders
and operators are required to be UK tax registered firms, registered with Companies
House and at arms-length from owners. Train operating companies pay tax here in the
UK and, most importantly, have been awarded franchises through open competitions precisely
because they offer the best deal for UK passengers and taxpayers. Private sector franchisees
continue to support key investments to improve services to passengers, including expanded
car parking provision, station upgrades, and major new train fleets.</p>
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