(9 years, 11 months ago)
Commons Chamber11. What estimate he has made of the number of new businesses set up in Milton Keynes in the last year.
The latest data indicate that 2,200 new businesses were set up in Milton Keynes in the year to July 2014.
I am grateful for that answer. Does my hon. Friend agree that more new business start-ups are vital to secure our economic recovery? Is he aware that this Friday my hon. Friend the Member for Milton Keynes North (Mark Lancaster) and I are hosting a business start-up event to give budding entrepreneurs access to the support and advice they need to get their businesses going?
I entirely agree that business start-ups are very important. I certainly was aware of the event at the national rail centre in Milton Keynes between 4 o’clock and 7 o’clock on Friday afternoon. I also note that unemployment in my hon. Friend’s constituency has gone down by 42% since the last election, which suggests that start-ups are thriving in Milton Keynes.
T5. Will my right hon. Friend comment on the astonishing claim by the Scottish Government that they would default on their share of the UK’s debt if they did not achieve a currency union with the rest of the United Kingdom if—heaven forbid—independence was to happen?
The Scottish Government’s plan to renege on Scotland’s share of the debt in the event of independence is simply not credible because of the catastrophic effect it would have on the people of Scotland. Mortgage rates would go up, credit cards and bills would go up, and the Scottish Government would have to resort to the bond market’s equivalent of Wonga to raise money to pay for public services in Scotland. To default on the debt would be to punish every Scot for Alex Salmond’s failure to think through his currency plan B properly.
(10 years, 1 month ago)
Commons ChamberI am grateful for the opportunity to raise the subject of VAT relief for talking newspapers. For the convenience of Members who may not be familiar with the concept of a talking newspaper, let me begin by explaining what they are and the important service that they provide to people who are blind or partially sighted, or who have some other disability that makes reading a newspaper difficult. There are 500 talking newspapers in the UK and Isle of Man. By and large they are small charities where a group of volunteers will read the contents of a local newspaper on to a cassette, CD or digital recording device. Those are then posted to registered listeners who listen to the recording and return the cassette or CD to the talking newspaper association in time for it to prepare the next edition, usually on a weekly basis.
It is important to emphasise the small, local and charitable nature of these associations. On average, each talking newspaper has 130 listeners and 34 volunteers, and they should not be confused with larger, national organisations that provide an excellent service of national newspapers, magazines and books for people who are registered blind or partially sighted. Their services are provided free of charge and they rely on small-scale local fundraising and grants to provide an income to cover the recording and distribution equipment and running costs.
I should also declare a family interest in this subject. More than 30 years ago, my father—Jim Stewart—and a small group of helpers set up the Hamilton Sound talking newspaper in the town in Scotland in which I grew up. He is still chairman of that today, and more than three decades later over 1,000 editions of the talking newspaper have been produced. I know that its listeners—a couple of hundred or so on average—have greatly valued the service. While national news can easily be accessed by a number of means, it is not always easy for people who are blind or partially sighted to obtain the local news that a local newspaper can provide.
I salute the work that volunteers up and down the country do in their communities to help often vulnerable people keep in contact with the outside world, and in this debate I wish to seek clarification and an update of the VAT rules that affect talking newspapers. For some time, talking newspapers have rightly been able to benefit from some financial assistance in providing their service—for example, they do not have to pay postal charges for the issuing or return of their products. In the 1986 Budget the then Chancellor, Lord Lawson, announced a number of VAT reliefs for charities. That included relieving charities from VAT on
“all recording equipment for talking books and newspapers used by charities for the blind”—[Official Report, 18 March 1986; Vol. 112, c. 178.]
After the 1992 Budget, the then Chancellor, Lord Lamont, extended the relief available to include
“repairs and maintenance of equipment used for talking books.”
The most recent guidance from Her Majesty’s Revenue and Customs—notice 701/1 from May this year—states:
“Charities and voluntary bodies caring for the blind and the severely visually impaired can obtain zero-rating for purchases of sound recording and reproduction equipment (or parts and accessories for such equipment) that has been designed or specially adapted for recording or reproducing speech for the benefit of such persons. In the case of reproduction equipment, zero-rating will not apply where the equipment is available for use by anyone other than the blind or severely visually impaired. The zero-rating also covers radios and cassette recorders purchased by charities for free loan to the blind, and the repair or maintenance of any equipment mentioned in this paragraph.”
There is, however, considerable confusion in the talking newspaper community about what is and what is not eligible for VAT relief. Part of that stems from the fact that the technology used by talking newspapers has changed considerably since the original VAT exemption in the 1980s and 1990s. At that time, an original tape recording of the edition was made and copied on to audio cassettes by a high-speed copier. Now, although a minority of talking newspapers still use that traditional method, approximately 80% produce digital recordings.
The confusion stems from the part of the guidance which states that
“zero-rating will not apply where the equipment is available for use by anyone other than the blind or severely visually impaired”.
The onus is on the manufacturer or supplier to come to an agreement with HMRC that the product is designed specifically for blind and partially sighted people. When purchasing sound equipment from a company, the talking newspaper must supply the company with a declaration for the benefit of Customs and Excise, stating that the equipment is exempt from VAT. The problem is that talking newspapers now use equipment such as computers, digital copiers, memory sticks and memory stick players that can be used by the general public and other businesses, and therefore attract VAT. Talking newspaper associations are finding that many companies are not willing to risk applying for a VAT exemption on those products. I received a number of comments from talking newspapers ahead of this debate, and a remark by Bob Finch of Colchester talking newspaper neatly summarises the point:
“Most suppliers just charge the VAT to cover their own backs. I am aware that Kings Audio and Laplock Technology are both selling their versions of memory stick players VAT free, having apparently convinced HMRC that these particular items are only ever going to be used by visually impaired people. I applaud them for doing that, but any other items they or other suppliers sell are charged because they could be used by non-disabled people.”
It is clear that many talking newspaper associations in the country are having to meet a VAT cost that they should not have to meet, given the spirit of the 1986 and 1992 measures, and it is a significant extra cost for what are often very small charities. Brian Sharp of the Forth Valley talking newspaper association told me:
“We have recently transferred all our listeners on to USB memory sticks from both cassette tapes and CDs. The total cost of the project was £11,542 which included £1,247 in VAT”.
Roughly £1,250 is small change for the Treasury but a hugely significant cost for the charity.
There is certainly an appetite in the talking newspaper community for a clarification of current VAT rules, and an updating of them to ensure that the spirit of the original provisions is reflected in new technology that talking newspapers increasingly use. I heard from Janelle Scotland, chair of the Association of Scottish Talking Newspapers, that advice on the matter from local HMRC offices around the country seems to vary, which adds to the confusion. Such a move would be supported by the Royal National Institute of Blind People, which stated:
“Advances in technology mean that most talking newspaper associations are no longer using the kinds of equipment that have historically been VAT exempt; the RNIB urges HM Treasury to extend VAT relief to cover the digital equipment now used to produce talking newspapers.”
I accept that there will always be a risk that VAT-free digital equipment could be misused, but we are talking about a comparatively small number of listeners in the country and a small number of associations. Would it not be acceptable for them to complete a VAT exemption per purchase of equipment outlining the proposed use? Under current postal arrangements the Royal Mail trusts talking newspaper associations to send mail free under the articles for the blind scheme only to blind or partially sighted people, but it reserves the right to carry out spot-checks to ensure that an association is adhering to the regulations. Could HMRC do something similar?
Another possible solution would be to allow talking newspapers to claim back VAT retrospectively. A potential problem is that many talking newspapers will not be VAT registered as their turnover falls way below the threshold, but surely some special arrangements could be made. Perhaps it could be done collectively through the national talking newspaper bodies in Scotland, England and other parts of the United Kingdom, rather than via each individual association.
At the very least, may I ask my hon. Friend to facilitate a meeting between herself, HMRC and representatives of talking newspapers associations to clarify both the current law and what items of equipment are and are not exempt? It is a muddle at the moment and most talking newspapers are small charities whose volunteers are not necessarily well-versed in the intricacies of fiscal policy. I received another good comment from Rob Pearman, from St Albans & District talking newspaper. He wrote:
“It is a problem when some of us are scared of HMRC and we do not actually feel secure on all aspects of the laws and regulations with which we have to struggle. As a child I went to a school where the school rules were headed ‘Ignorance of these rules shall not be taken as an excuse - it haunts me to this day!’”
If a change in the law is required to update the current regulations, I would like the Minister to take this as an early submission for the autumn statement and next year’s Budget. I very much doubt it would incur a significant cost to the Exchequer to bring the regulations up to speed in the original spirit. I am grateful to have had this opportunity to raise an issue that is of considerable concern to these wonderful charities that provide a valuable and much cherished service to some of the most vulnerable members of our communities.
(10 years, 1 month ago)
Commons Chamber1. What steps he has taken to promote national lottery funding to sport, heritage and arts groups in the past 12 months.
Through the work of the national lottery promotions unit and individual national lottery distributors, we continue to raise awareness of funding for good causes. Demand for lottery funding continues to outstrip supply, with over £1.5 billion spent on national lottery projects in just the past 12 months.
The Heritage Lottery Fund recently made a large contribution to the new visitors centre at Bletchley Park in my constituency and also paid for the restoration of some of the old codebreaking huts. May I invite my right hon. Friend to visit Bletchley Park to see for himself what a vital role the Heritage Lottery Fund plays in preserving the heritage of the country?
I have visited Bletchley Park a number of times, as I am sure all hon. Members have done, to look at its vivid story and see how that is brought to life. I would be more than happy to do so again. It is a fitting tribute to the remarkable men and women who worked there, including a wonderful woman in my own constituency, Betty Webb, who served there. I am delighted that Bletchley Park has received funding from the Heritage Lottery Fund for its restoration. My hon. Friend is right to give credit to John Major, as he has done in the past, for setting up the fund.
I am very happy to join the right hon. Gentleman in congratulating Tyne and Wear Archives and Museums—it is a fantastic place that I have visited on at least one occasion. I am pleased that following the Arts Council settlement the balance between London and the regions has shifted in favour of the regions. As he knows, I believe that every arts organisation around the country is capable of raising private funding and should be doing so.
T5. I thank the Minister for the assistance that he and Ofcom have given the community radio station in my constituency, MKFM, in its bid for a permanent FM licence. Will he assure me that he will continue to do all he can to assist such community radio stations to expand the vital service they provide to local communities?
(10 years, 5 months ago)
Commons ChamberI am very glad to contribute to the Budget debate and in particular to be following the right hon. Member for Neath (Mr Hain) because I want to pick up on a couple of the themes he introduced. Before I get on to that, however, I would just remind him that the Office for National Statistics revised downwards the depth of the recession that happened under the Government of which he was a member, which perhaps explains why it has taken us a little longer than we thought to get our economy back on track: the scale of the damage was that severe.
I want to start by welcoming a Budget measure that I hope will be applauded across the House: the Chancellor’s announcement to set up an Alan Turing institute. Thankfully, Alan Turing finally had his name cleared just before Christmas and justice was finally done. I am very proud that Bletchley Park, where he did much of his outstanding work, is in my constituency. Now that we have been able to draw a line under that injustice, it is absolutely right that we concentrate on celebrating his enormous achievements. The establishment of an institute that will further research into cyber-security, algorithms and a whole load of things I will not even pretend to begin to understand will be a wonderfully fitting tribute and legacy. If I may, I will make a gentle bid for Milton Keynes to be the host of that institute. I am sure there will be competition from Manchester, Cambridge and elsewhere, but we would make a very fitting home.
I also welcome the announcement of a new garden city at Ebbsfleet, and I invite the good people of Ebbsfleet and Kent to look at how we in Milton Keynes planned our city. I am sure they could draw many lessons from the design of Milton Keynes and the understanding that went into its creation, inspiring designs of new cities as far afield as China. We would be delighted to advise the good people of Kent.
I welcome the measure in the Budget to extend Help to Buy, a very welcome initiative that has helped many people in my constituency to get on to the housing ladder who would not otherwise have been able to do so. Reference has been made to the housing supply, and I can assure Members that in my constituency, it is growing. The number of letterboxes and doorsteps I have to campaign on is growing at a far faster rate than I am able to cope with. There has rightly been a long-established cross-party agreement in Milton Keynes that such expansion—20,000 new houses over the next couple of decades—should be balanced development consisting not just of owner-occupied houses but of affordable housing in all its forms: some council housing, some housing association properties, some shared ownership properties, some key worker housing.
However, it is not just the numbers and the tenure of housing that is important, but the type. Under previous housing targets, the only thing that was important was the number of houses or flats built, and too many of the wrong type were constructed. There was a glut of apartments, which are fine, but the balance was out of kilter; we did not build enough family-sized dwellings. I am delighted to see some of the planning reforms introduced by this Government, backed up by the neighbourhood planning process. The Under-Secretary of State for Communities and Local Government, my hon. Friend the Member for Grantham and Stamford (Nick Boles), who is in his place, has been to Milton Keynes a number of times to see the strength of the neighbourhood planning process locally. That will underpin a more balanced and sustainable approach to housing development.
Housing has to be underpinned by good infrastructure, and this Government’s investment in projects such as East West Rail will ensure that these new houses are. Most of all, housing expansion must have a solid business base. I am delighted to report that Milton Keynes is leading the country in its economic development. New business start-ups are up by 20% over the past few years. Survey after survey from independent bodies such as Experian, Centre for Cities and the Financial Times place us at or near the top of the national growth league.
Our economic growth is also balanced: it is not just in the service sector, but in high-tech research and development. Last week, I had the great privilege of visiting Red Bull Racing, the Formula 1 team, where the level of engineering research and development is enormous. Budget measures such as the investment allowance, R&D tax credits and the seed enterprise investment scheme all underpin that growth, as do the extra grants for apprenticeships. Without a strong skills base, the economic recovery will not be permanent.
The economic recovery must be soundly based, but so must our long-term financial future. That is why the measures in the Budget on savings and investment were, for me, the most welcome. For too long we have had a culture of instant gratification: if we want something, just borrow and get it. That is not sustainable, and encouraging savings and pensions will help us get back to a secure future in the long term.
(10 years, 8 months ago)
Commons ChamberUrgent Questions are proposed each morning by backbench MPs, and up to two may be selected each day by the Speaker. Chosen Urgent Questions are announced 30 minutes before Parliament sits each day.
Each Urgent Question requires a Government Minister to give a response on the debate topic.
This information is provided by Parallel Parliament and does not comprise part of the offical record
I agree with the hon. Gentleman about the importance of electrifying the south Wales valleys line. That is why the Government added it to the Network Rail plan; it was not there before. I will certainly look at the case for accelerating it, if possible. The structure of this country’s rail industry is such that Network Rail is given a regulatory set of obligations and has to work out for itself the most efficient way to deliver them, but I would be very happy to ask that question of Network Rail and to share any answers with the hon. Gentleman.
Contrary to the rather dreary words from the shadow Chief Secretary, the hon. Member for Nottingham East (Chris Leslie), about the progress of infrastructure projects, is my right hon. Friend aware that very good progress is being made on reopening the east-west rail line through my constituency, with Network Rail engineers out doing the important surveying work ready to get the trains running again?
I think that “dreary” is rather a positive description of what the shadow Chief Secretary had to say, but I welcome the fact that he was given the opportunity to show from the Dispatch Box what a good plan the Government have, including the east-west line, and what a hopeless contribution the Opposition are making to this debate.
(10 years, 9 months ago)
Commons ChamberMy hon. Friend makes a good point. The Minister should take on board the fact that, so far, DAB has not been designed with small stations and their communities in mind.
I am not sure whether my right hon. Friend can pick up MKFM in her part of Buckinghamshire. Despite its name, it broadcasts on DAB. It is an excellent local community station that aspires to broadcast on FM. I hope that the Minister is able to give some clarity on the timetable for digital switchover, so that stations such as MKFM can plan for the future with certainty.
I was pleased that, early this year, the Minister provided certainty to some small stations by listing those that would be permitted to stay on FM. That removes any requirement for those stations to pay to broadcast on FM and DAB, but a cost-effective digital solution for small stations still needs to be identified. Otherwise, the stations hon. Members have mentioned could face extinction, because advertisers might, at some point, believe that it is not worth paying to reach those who continue to listen to FM stations.
(11 years, 5 months ago)
Commons ChamberI very much welcome the opportunity to contribute to this Budget debate.
We have heard much in contributions from both sides of the House about the level of the housing supply and the building that is going on. I am happy to report that in Milton Keynes we are getting on with it. We have 28,000 housing permissions in place and the Government have intervened to unlock some of the developments that have been gummed up in the system for too long, thanks in part to our friend the great crested newt—which, for an endangered species, seems to appear with remarkable frequency whenever there is a planning application. Those housing developments are not part of the hated regional spatial strategy, but are now part of a locally decided and locally managed strategy, which is just one component of our successful growth strategy—not the old, blunt housing targets, but economic growth alongside housing growth and infrastructure planning.
I warmly welcome the measures in the Budget and earlier announcements that will underpin and enhance Milton Keynes’s position as the part of the country that will lead in the rebuilding of our economy. All right hon. and hon. Members will want to claim that their home area is the best and is leading the country, but I can cite three recent independent surveys that confirm that Milton Keynes is leading the way. In November, the Experian company ranked Milton Keynes as No. 1 in a survey of towns that will lead growth in this country. In each of the next four years, annual employment will grow by 2% and output will grow by 3%, and this is sustainable and balanced growth, not just in the retail and service sectors but in manufacturing and high-tech industries as well.
More recently, March’s economic outlook report by PricewaterhouseCoopers put Milton Keynes’s growth ahead of the UK average. Mike Robinson, partner at PwC, said that
“businesses should be encouraged to capitalise on the expected upturn in consumer spending and opportunities created by local infrastructure investment.”
Finally, just the other week the business location index—part of the inward investment guide to England—ranked Milton Keynes as the best place in Britain to do business, based on its scoring highly on economic, human resources, environmental and infrastructure indicators.
Companies House records show that more than 2,000 new businesses started up in Milton Keynes in the last year, up 10% on the year before. Our inward investment is booming. Milton Keynes is already home to 700 international companies, and that is growing. We have a winning formula that is based on our local factors and the UK’s competitive tax strategy. Our strong position will be underpinned and enhanced by the policies announced in the Budget and other measures. The city deal and the Heseltine proposal for a single pot of money to decentralise decision making will help, boosting our infrastructure, particularly with the east-west rail project, which will link Milton Keynes to Oxford and, ultimately, Cambridge and is forecast to generate 12,000 jobs in the local region.
Our apprenticeship schemes are doing well. We have already doubled the number of apprenticeships locally to 2,000—that will increase further—and not just in traditional sectors, but in accountancy, law and manufacturing. That will develop our skills base for the future and make us even more attractive to inward investors. Finally, the policies to help people buy their first home and go further up the housing ladder will ensure that our housing strategy is linked to what we need locally. Of course there are many challenges ahead, but Milton Keynes is doing well. This Budget gives us the tools to get on with the job.
Let me finish by referring to the contribution from the hon. Member for Bradford West (George Galloway). He criticised the Government for talking about sowing seeds in frozen weather. A horticulturalist will tell us that it is not only possible to sow seeds on frozen ground, but often desirable, because that can lead to the healthiest growth.
(11 years, 9 months ago)
Commons ChamberI completely agree with my hon. Friend. That is part of the challenge of our wider aviation policy and strategy.
Already in this Parliament, the Government have rightly recognised a number of counter-productive and damaging taxes, and scrapped a number of them, including the cider tax, the jobs tax and the broadband phone tax, and the planned increase to the small profits rate was replaced with a cut. On that basis, I urge the Minister to consider the economic impact of APD.
I am grateful to my hon. Friend, who is being generous in giving way. APD will be considered by the Select Committee on Transport when we begin our aviation inquiry. APD has an economic impact, but it is critical to the debate on the UK’s aviation capacity. Perhaps she will refer to that later in her speech.
The Davies commission has a role. When considering the future of APD, we must remember where we stand internationally in terms of competitiveness. Britain is in a global race, and competing in a global environment that is tougher and more competitive than ever before. Foreign businesses, which can bring much needed investment to our economy, can relocate to other countries. Our competitors in Europe and throughout the world are all too ready to recognise that. Prior to being elected to the House, I saw how our competitors were on standby to welcome new investment, particularly from emerging markets.
(11 years, 11 months ago)
Commons ChamberI am delighted to have an opportunity to contribute to what I think has been a measured and constructive debate. I, too, welcome the Bill as a sensible complement to the gift aid scheme, which has operated successfully for many years.
Like most other Members, I find that one of the most pleasurable aspects of my constituency role is visiting local charities and observing the valuable work they do in the community, often supporting the most vulnerable members of society. Like the hon. Member for Banff and Buchan (Dr Whiteford), I think that we should take this opportunity to record our deep gratitude for all their work, and our gratitude to the thousands of volunteers who willingly give their time and money to make such a difference.
My constituency in Milton Keynes is blessed with a deeply philanthropic culture. We have nearly 400 registered charities, and more than 1,100 voluntary and community groups. Thousands of residents devote a huge amount of time and money to working directly on projects or supporting the various fundraising activities. I do not wish to detract from the work that large charities do, but small community organisations often have a disproportionate impact. They make a huge contribution locally, although they have very modest incomes: less than £10,000 in some instances, as was pointed out by my hon. Friend the Member for Dartford (Gareth Johnson).
When I was preparing for the debate, I contacted Community Action Milton Keynes, a fine organisation that gives practical support to local charities and other groups by helping them to manage or develop their operations. I was told that 62% of its members had an annual turnover of less than £10,000. Such charities do not have the wherewithal to employ staff to help them to deal with the complexities of gift aid or other schemes; they rely entirely on people who give up their time to help them with their administration. I think that the Bill will benefit those groups in particular. As well as providing extra income—an organisation with a turnover of less than £10,000 could receive an extra 10% each year—it will reduce the amount of time that volunteers must devote to administration, so that they can spend more time doing the good work that charities are there to do.
Let me give two examples of the benefits that the Bill will provide, one from my local area and one relating to a family connection. A constituent of mine, Dave Hand, undertook a sponsored walk from his old Army base in Somerset to Milton Keynes to raise money for a wonderful charity called BLESMA—the British Limbless Ex-Service Men’s Association. He raised about £2,000, the majority coming from donations made on the JustGiving website and similar online sources. However, he also raised a substantial sum at the pubs he visited en route—people would put cash in his bucket—and that cannot easily be traced back for the purposes of gift aid. The extra cash involved would not be a vast sum, but it would provide an extra bit of support to the charity, which could then use every single penny of the donations it receives. That example highlights one of the ways in which the Bill will be of real benefit.
The other example I want to raise is a family affair. About 25 years ago, my father set up a talking newspaper charity in his hometown of Hamilton. It was established to address a local need, by putting the contents of the local newspaper on to a cassette that could then be sent to local blind and visually impaired people. It is a very small organisation that relies entirely on volunteers. If it raises £1,000 a year, it is doing well, but it has very low operating costs. Those who donate to it are often the listeners. It is a free service, but they do so out of gratitude. They might send in £5 or £10 to help the organisation carry on. These are people with visual impairments and many of them are elderly, so they are not the kind of people who generally fill out gift aid forms. By addressing this point, the Bill’s provisions would add significantly to the income of such charities.
That example also serves to flag up a concern, however. I do not know whether the charity my father set up, Hamilton Sound, has ever claimed gift aid, but I suspect that it has not. Therefore, it would not be able to take advantage of the proposed scheme for three years. I ask the Minister to explore ways in which charities that are clearly bona fide—that might have been around for many years, but may not have technically qualified for gift aid payments—may take advantage of this scheme. We surely have the wherewithal to devise a scheme to address that. I completely accept the need to guard against fraud, but there is a balance to be struck here: we must not create a system that is so onerous and overly complex that the potential benefits cannot be realised.
I hope there will be an evolutionary process in respect of the Bill’s provisions. My hon. Friend the Member for Harwich and North Essex (Mr Jenkin) suggested they should be reviewed after a reasonable period, and I urge the Government to do that. It is a good Bill, however, and I am sure it will make a real difference.
There is support across the House for the principle of the Bill. I hope that our discussions in Committee will be as constructive as today’s debate, and that we will thereby address the details of the provisions so as to ensure they truly deliver for all charities, which we rely on so much in our communities.
(12 years, 4 months ago)
Commons ChamberIn the light of the very substantial increase in the general personal allowance and of the concerns raised by the Office of Tax Simplification that the current structure does not have support, that is the right move. Pensioners are well protected by our policies and will continue to be so, but that move is one that results in a simpler and fairer tax system.
7. What progress the Government have made on the implementation of the national infrastructure plan.
We published an update on the national infrastructure plan alongside the Budget, showing the progress that has been made on all the priority investments. As an example, the Budget was able to confirm that the pensions infrastructure platform that we have established to enable British pension funds to invest in infrastructure in this country will be able to make its first wave of £2 billion investment by early 2013.
I very much welcome the plan and congratulate the Government on prioritising rail investment, such as the east-west line through my constituency. May I urge my right hon. Friend to continue that investment in the classic network, as well as finding the funds for High Speed 2?
My hon. Friend makes an important point. The investment in High Speed 2 will not affect the amount of investment in the traditional rail network. It will allow us to go forward—for example, with the investment in the Oxford to Bedford rail line, which I know will affect his constituency, create 12,000 jobs and give a boost of £38 million to that area’s economy.