(11 years, 3 months ago)
Commons ChamberIs my right hon. Friend aware of evidence from the continent showing that high-speed rail systems pull economic activity towards capitals, not away from them?
Yes, I am. Perhaps we will be able to explore that when we discuss the preparation Bill in more detail.
HS2 also fails the integrated transport test. As it currently stands, it does not connect effectively to HS1 or Heathrow, or indeed to any airport in the south-east. The idea that it should be fixed before we have the results of the Davies report on airport capacity in the south-east, which will be in 2015, is quite illogical.
HS2 fails the value-for-money test. The cost, with rolling stock, conservatively stands at £40 billion, and there is no guarantee that phase 2 will ever be built. It will be the largest peacetime spend on an infrastructure project, and let us not kid ourselves: it will run over budget. Each and every MP in this place should imagine just what that money could be spent on to improve their constituents’ lives: hospitals, medical research, schools, broadband, improving existing roads and railways—the list is simply endless.
HS2 fails the fair compensation test. Thousands of people, homes and businesses have already fallen victim to the proposals. In the recent High Court judgment the Government’s compensation consultation was deemed so unfair as to be unlawful. That is pretty shaming. If, despite all efforts, HS2 goes ahead, compensation must adequately—indeed, more than adequately—recompense people whose businesses and homes will be bulldozed along with their lives. I hope, at least, that the property bond will be taken up by the Government. The Department has grossly underestimated the blight that this project has caused and will cause, in order, I think, to reduce the final bill for the Treasury. The Government certainly should not be scrimping on the compensation aspects.