Oral Answers to Questions

Debate between Andrea Leadsom and Julie Hilling

Tuesday 2nd September 2014 Commons Chamber

[The Economic Secretary to the Treasury (Andrea Leadsom)]

Yes, I would be happy to meet my hon. Friend to discuss that issue. I have been made aware of such cases. Of course, banks try to ensure that they have robust processes in place, but if anything else can be done, we are happy to look at it.

[Julie Hilling (Bolton West) (Lab)]

We now know that the Chancellor has had a letter from the head of the UK Statistics Authority, so when will he correct the record and apologise for giving the House—obviously inadvertently—incorrect information which inflated the success of his tax avoidance programme?

High Speed 2

Debate between Andrea Leadsom and Julie Hilling

Thursday 13th October 2011 Commons Chamber

[Andrea Leadsom]

I will not give way again.

We could consider solving the bottlenecks and pinch points that are so frequent along routes that slow down the system and give us less capacity. We could consider reopening old branch lines, particularly those that would enable passengers to switch between the east coast and west coast main lines and the Chiltern line. That would solve part of the problem in the firewall argument. We could consider solving the artificial peaks in demand generated by our appalling fare structure. We could even consider a new line just between London Euston and Milton Keynes so that the west coast main line could be dedicated to taking passengers to the north of England far faster and on a far more frequent service.

[Julie Hilling (Bolton West) (Lab)]

I thank the hon. Lady for giving way, because it strikes me that her argument is that HS2 is a bad, bad idea, but that it is all right if we build an extra line between London and Milton Keynes. Is she then saying that those of us who live in the north, the north-west and Yorkshire and Humberside should not be allowed to travel on trains? I am bemused.

[Andrea Leadsom]

If the hon. Lady had listened, she would have heard that I said we should consider building a dedicated local line so that the west coast main line could be exclusively available to those wishing to travel fast to the north of England on the inter-city train. It is nonsense to say that we should build a dedicated £32 billion line instead of considering a proper solution to the capacity problem. The final potential solution we should be considering is giving the right spending priority to rolling out superfast broadband.

Archie Norman, the chairman of ITV, has said:

“Scrap HS2 now and announce instead £17 billion of spending…to bring about the biggest improvement in history of Britain’s existing railway.”

I am genuinely sorry to be so at odds with my Government and with many Members over this project, but we must seriously consider whether spending £32 billion of taxpayers’ money on a project that will deliver nothing until 2026 is worth while. In my view, it is not. It is monumentally expensive and the time scales are so long that they become satirical. As a result, HS2 risks being a vast white elephant that is out of date before it is even completed.

HS2 is not visionary, it is not green and it is definitely not economically sound. We can and must do better. I urge the Government, in the strongest possible terms, to reconsider this project so that it does not become a triumph of political will over economic sense.