High Speed 2

Debate between Paul Maynard and Andrea Leadsom

Thursday 13th October 2011 Commons Chamber

[Andrea Leadsom (South Northamptonshire) (Con)]

I beg to move,

That this House has considered the matter of High Speed 2.

I am delighted to have the opportunity to open the debate, and I am particularly grateful to all the Members —in all parts of the House and on all sides of the debate —who have turned up to participate. It is an incredibly important debate, because it involves £32 billion of taxpayers’ money. I am delighted to see that my right hon. Friend the Secretary of State for Transport is not present, because, being an eternal optimist, I believe that he is delaying his decision until December—as he certainly should—and is keen to listen to the debate as it progresses. I know that not just you, Mr Speaker, but many right hon. and hon. Members have taken a great interest in this subject. Let me mention in particular my hon. Friends the Members for Lichfield (Michael Fabricant) and for Kenilworth and Southam (Jeremy Wright).

It is fashionable for those who oppose HS2 to be dismissed as nimbys. Let me make it clear that I am here today not just as a concerned constituency MP but as someone with 25 years of experience in finance, including project finance, and that I am determined to defend the taxpayer against what I consider to be an unjustifiable and eye-wateringly expensive project. If the route went from Truro to Paddington, or from Leeds to Edinburgh, I would still be here today defending the taxpayer.

When I first heard about HS2 I thought it was a superb idea, but 18 months later all the proposed benefits have fallen away one by one, and there is no hard evidence that spending £32 billion can truly be justified. For instance, there is no evidence that this project will solve the north-south divide. In fact, there is plenty of evidence from the experience in France and Germany, and from our own HS1, that high-speed trains can suck development out of the regions and into the major cities.

I also have an intuitive concern about the point-to-point nature of the project. The north is not a place; it is a region. Those close to the terminals will benefit of course, but it is unclear how people outside those areas can directly benefit. I recently spoke to my former constituency chairman in the Knowsley South seat, which I contested in 2005, and his view is that Knowsley South will end up paying its share of the cost of this project but will get little, if any, benefit.

[Paul Maynard (Blackpool North and Cleveleys) (Con)]

The north is not a region. It is made up of three regions—the north-west, Yorkshire and Humber and the north-east—all of which have their own identities, which I hope my hon. Friend will respect.

[Andrea Leadsom]

I thank my hon. Friend for making that point, and I certainly do respect the right of people in the north to economic regeneration. I am speaking as much for them as I am for people in Cornwall and the Isle of Wight when I say that £32 billion spent on this project is the wrong use of taxpayers’ money.