David Chadwick
Main Page: David Chadwick (Liberal Democrat - Brecon, Radnor and Cwm Tawe)Department Debates - View all David Chadwick's debates with the HM Treasury
(1 day, 22 hours ago)
Commons ChamberMy hon. Friend is absolutely right to point out the failure of other Governments—both the previous Government at Westminster and the current Government in Scotland. When preparing this work in opposition, I was very taken by investors saying, “When I can invest anywhere in the world, if the UK says it is going to do something and Germany says it is going to do something, I am probably going to bet on Germany over the UK.” That has to change because Britain is a brilliant country with lots of opportunity. The long-term stability we are setting out in our strategy, our long-term spending plans and our commitment to stability are unlocking that investment to create great opportunities for people across the whole country, including in Scotland.
I hope the Minister appreciates just how insulting it is to Welsh ears for us to be told that we are getting a fair deal on railway funding, when we know that we have been cheated out of billions of pounds due to the classification of several projects as England and Wales projects. Wales is getting only five railway stations between Newport and Cardiff. That is hardly national renewal, is it? Will he bet on Wales and commit to projects outside that belt, such as projects across mid-Wales and west Wales or the electrification of the north and south lines?
There is a key difference: under the last Government, Wales did not get a penny, but under this Labour Government, working with the Labour Government in Wales, it has had not only the largest real-terms increase in spending since devolution began, but £455 million for rail infrastructure, nearly £130 million for coal tip safety and many other things. That is the benefit of two Labour Governments working together to deliver for the people of Wales, and the hon. Gentleman may want to be a little bit more grateful in future.