HS2: Revised Timetable and Budget

Toby Perkins Excerpts

Tuesday 14th March 2023 Commons Chamber

[Huw Merriman]

I am glad my right hon. Friend mentioned Old Oak Common, because following the Oakervee review, that was anticipated to be the station where services would commence from 2033. Despite what may have been said, it is interesting to look at what we are doing with Old Oak Common. It will be the best connected and largest new railway station ever built in the UK. It will have 14 platforms and be one of the busiest railway stations in the country, with access to central London and Heathrow via the Elizabeth line, and connections to Wales and the south-east. Importantly, it will also allow us to deliver trains to Manchester in one hour and 11 minutes, which is 54 minutes quicker than at present. That demonstrates that the whole country benefits from Old Oak Common.

[Mr Toby Perkins (Chesterfield) (Lab)]

We all look forward to seeing more detail about the note that my hon. Friend the Member for Sheffield, Heeley (Louise Haigh) spoke about, but the least surprising thing she said was that the Government already know that these delays do not save money; they cost money. The increase in the cost of HS2 from £32 billion when the Government took power in 2010 to at least £71 billion, and escalating all the time, is precisely because of the delays and incompetence that the Government have shown, and their lack of commitment to HS2 over 13 years. My constituents in Chesterfield want HS2 to come, and we are desperate for the eastern leg. Will the Government acknowledge that what they are announcing today is a further increase in the cost of the project, and the further undermining of a crucial infrastructure project that the whole of the north demands?

[Huw Merriman]

As well as investing in the future, which we are doing, we must cover ourselves for the present. That is why three of the Prime Minister’s five priorities are to halve inflation, grow the economy and reduce debt. The reality for a project such as HS2 is that we have had to rephase one of the elements by two years, and that the remainder will go ahead as we outlined previously. It is vital for any Government to take into account the current state of the economy, current spending requirements and the impact they have on inflation, and the cost of borrowing. I am proud to be part of a Government who take a balanced responsibility between investing in infrastructure for the future—and we absolutely are—and managing the day-to-day finances, which the Opposition are demonstrating they are not doing.