As a founder member of Transport for the North, I can only agree with my noble friend’s pertinent comments. I welcome the fact that significant discussions are happening with the regional mayors and that we have on the table a five-year £5.7 billion investment to improve transport networks across the regions. However, we all recognise the contribution of London to the economy of the whole country, and we want to make sure that investment in the regions complements the success in London and spreads wealth and prosperity around all the regions.
Does the Minister accept that expenditure on railways in Wales has been quite significant recently but is still short of what is needed? There is a feeling that the formula for distribution of resources does not adequately respond to the needs of the railway system in Wales. Will she look at this and discuss it with her colleagues in Cardiff?
As someone who was diverted on a journey from Cornwall to Leeds via Newport, I understand where the noble Lord is coming from. Of course, discussions with the devolved nations are absolutely central to our overall ambition for growth across all the regions and nations in contributing to the economy of the whole country.