Lord Marland
Main Page: Lord Marland (Conservative - Life peer)Department Debates - View all Lord Marland's debates with the HM Treasury
(9 years, 10 months ago)
Lords ChamberMy Lords, I welcome the debate initiated by the much respected noble Lord, Lord Adonis. I completely concur with other noble Lords that it should be conducted in a bipartisan spirit because, as we all know, infrastructure is for the long term and crosses Governments and Parliaments.
From my experience in government, which ended a year ago, I know that government has a poor history of developing infrastructure. It is not a naturally commercial animal and should avoid carrying out projects at all times, as they often end in overspend and incompetent management. However, government is an enabler. I congratulate the current Government and my noble friends Lord Sassoon and Lord Deighton, who have set about the task of enabling in an extraordinarily energetic and vigorous fashion.
We have had a very poor landscape of infrastructure development. We have had economic failure and the failure of banks to lend, which is fundamental to development. That has led to lack of confidence. Through my noble friends’ initiatives, despite having their hands tied behind their back, we have been able to develop confidence. I have enjoyed working closely with them on projects such as Battersea, Sellafield, when I was a Minister for energy and climate change, the early stages of Hinkley Point and now the Tottenham redevelopment.
What they have established is joined-up government. It is fundamental that across departments we must all share and work for a common aim. They should be further congratulated on setting up a showcase of the infrastructure projects that are available. This is the first time a Government have ever done this.
The noble Lord, Lord Adonis, quite rightly refers to the regions. He has taken London as a shining example of infrastructure showing the fundamental prosperity of a region. I totally concur with him that if we are to get real infrastructure projects going in this country, we have to empower the regions; we have to let them make the decisions and therefore generate the opportunities.
If one wants to see how that works, as the noble Lord said, one needs look no further than at Boris Johnson’s mayoralty, which has shown London as having travelled so widely. It is now the centre of the world in terms of how people look to see a city prosper and develop. We now have an opportunity, surely, because the economic landscape is changing. We have cheap money. We have the availability and the thirst of many investment organisations to invest in long-term projects. We must grasp this opportunity, as noble Lords have said, to develop infrastructure projects for generations to come. Now is the moment when government should act and take those opportunities.