(7 years, 4 months ago)
Commons ChamberAgain, that is a question that will have to go to colleagues in another Department. I will make sure that they hear the hon. Lady’s comments.
5. What assessment he has made of how to balance the needs of (a) business and (b) the Exchequer in setting the corporation tax rate.
(8 years, 3 months ago)
Commons ChamberMy understanding is that it would be a joint undertaking, but I will check the detail of any financial arrangements and report back to the hon. Gentleman.
As I was saying, the bridge must be predominantly funded by the private sector. As things stand, at least two thirds of the funding will come from private donations.
I understand that there are many concerns about the project, some of which I will talk about. The hon. Member for Vauxhall has already articulated a number clearly and in detail. The Garden Bridge Trust was set up in 2014 to manage the construction of the bridge. This experienced group of trustees has complete control over development and fund raising. The Department for Transport and TfL speak to the trust regularly to discuss progress and concerns. A significant amount of work has already been achieved on this complex project, which involves many different interested parties, and a huge amount of progress has been made. The land must be secured, permission to use the river obtained, and all necessary land planning conditions secured. A large ship, HQS Wellington, will also need to be moved. Those are all complex tasks that will take some time to achieve. There is still much work to be done before construction can start, but most issues are expected to be resolved soon.
The Minister might not know something that I became aware of today. A considerable part of the constituency of the hon. Member for Vauxhall (Kate Hoey) on the South Bank—a tree-lined avenue—will have to be demolished. The question therefore is: are we going to lose a tree-lined avenue, and will that be the equivalent of what we are going to get on the garden bridge?
I thank my hon. Friend for his intervention. The hon. Member for Vauxhall said that 29 trees would be removed, but the Garden Bridge Trust would argue that they would be more than replaced by the increased number of trees that would be part of the planting.
I am aware that many concerns have been raised about the bridge, and who would be able to use it and when, so let me clarify some points. While the bridge will principally be a footbridge, it will be open to all, although cyclists will be asked to dismount when crossing it. That is consistent with other footpaths in this area, such as those along the South Bank, and is simply to ensure the safety of pedestrians.