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High Speed Rail (Preparation) Bill

Part of the debate – in the House of Commons at 5:25 pm on 26th June 2013.

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Photo of Kwasi Kwarteng Kwasi Kwarteng Conservative, Spelthorne 5:25 pm, 26th June 2013

I hear my hon. Friend chuntering from a sedentary position. We have an extremely interesting side of the Conservative party that refuses to countenance any Government spending on infrastructure. Happily, I am not of that wing of the party and recommend that both sides of the House come together in support of the Bill.

My final few words will be about the financing. Yes, £50 billion is a lot of money, but it will be spent over 20 years and, if one uses straight line depreciation, it is not much more than the infrastructure spend on Crossrail. I would suggest that HS2’s benefits are much more transformative than the Crossrail project’s, so on that basis alone, I urge colleagues to vote in favour of Second Reading.