(13 years, 11 months ago)
Commons ChamberI was talking to the managing director of GE Aviation in Nantgarw on Monday and he said that he was willing to work with the Government to encourage other inward investors—for example, Boeing—to add to the aerospace cluster in Wales. Will the Minister take up that offer and work with stakeholders in Wales to increase inward investment and the number of jobs?
(14 years ago)
Commons ChamberWe certainly ought to honour our armed forces. The issue with the Severn bridge is that it is currently managed by a concessionary company, Severn River Crossing plc, and that the concession is likely to continue until 2017. Until then, discounts are entirely a matter for the company, but when the concession ends the Government will be responsible for tolling and might well consider further concessions.
Does the Minister agree that the tolls act as a tax on the economic gateway to inward investment in Wales? Will he consider reducing the tolls for the maintenance charges when the Severn bridge comes into public ownership in 2016 to encourage inward investment and prosperity at a time when the Welsh have been hit so badly by the comprehensive spending review?
I understand what the hon. Gentleman says. Clearly there would be more of an economic barrier if the crossing were not there, but he is right that when the concession comes to an end in 2016-17 it will be possible to review the tolls and see whether, for example, they should be charged only in one direction or both.