Oral Answers to Questions

Jeremy Wright Excerpts

Thursday 24th November 2022 Commons Chamber

[Mr Holden]

The Government are committed to decarbonising transport across the piece, whether it is in rail, road or my own section of buses. We have already seen hundreds of zero-emission buses delivered in London and thousands across the country.

[Sir Jeremy Wright (Kenilworth and Southam) (Con)]

3. What steps he is taking to help ensure those people adversely affected by HS2 are compensated fairly.

[The Minister of State, Department for Transport (Huw Merriman)]

Compensation is available to property owners affected by HS2, in accordance with the compensation code. We aim to be fair, while protecting the public purse.

[Sir Jeremy Wright]

I welcome my hon. Friend to his new responsibilities and offer him my sympathy that one of them is HS2. He will know that for those who find themselves in the path of this project, obtaining compensation is a painful and long drawn-out experience. That is particularly true for those subject to compulsory purchase, where payments are delayed. Where they are delayed, there are very low rates of interest, and valuations are heavily contested. That is not meeting the promise that he referred to, that the Government would be fair and that people would not be worse off as a result of this project. May I ask him to look urgently at this problem? In particular, will he look at those low rates of interest that are paid on delayed payments? The Government legislated to increase those rates but never brought the measure into effect.

[Huw Merriman]

I thank my right hon. and learned Friend for his warm welcome of my entire portfolio; I am very proud to be covering HS2 and rail. Some £3.2 billion has already been paid out in land acquisitions, and more is to be paid out. The Government did recognise that there were problems with acquisitions, and a report was commissioned by a predecessor of mine. We will ensure that we can learn lessons. With regard to the payment of interest, HS2 Ltd pays interest at 0.5% below the Bank of England base rate, and there was a period of two years between 2020 and 2022 when no interest was paid because the base rate was below 0.5%, but I am willing to meet my right hon. and learned Friend to discuss these matters further.