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<p> </p><p>London Midland is not currently in receipt of revenue support. Unless revenue
was to fall to such an extent that they were to be eligible for such payments, the
revenue during this franchise term is entirely its risk. London Midland has assured
us that their staff restructuring plans will not prevent them fulfilling their obligations
in meeting the requirements of the Franchise Agreement. Therefore, unless revenue
was to fall to the extent that London Midland were eligible for revenue support payments,
no further assessment is planned.</p><p> </p><p />
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