(8 years ago)
Commons ChamberThe hon. Lady makes an excellent point. As I understand it, the east midlands has the largest cluster of companies that rely on the railways and rolling stock, and other businesses that form part of the supply chain, anywhere in the world. The point is that the debate is not just about one railway line. As she says, it is about economic growth, and the impact on local companies and local jobs.
I congratulate my right hon. Friend on bringing the debate to the House. Does she agree with the east midlands chamber of commerce that electrification is vital to the long-term economic needs of constituencies such as Loughborough and South Leicestershire, and those throughout the east midlands? Does she also agree that any further delay will only increase the costs of electrification and reduce the confidence that businesses in Loughborough, South Leicestershire and elsewhere have in Government projects?
My hon. Friend makes an excellent point. Hon. Members on both sides of the House will agree that this is about driving economic growth and reflecting the fact that the midlands is an engine for that growth. He is right that the costs of the project go up the longer it takes, which is why Members are so keen for the Government to give the project the full green light so that we can get on with it.