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Part of High Speed Rail (West Midlands - Crewe) Bill – in the House of Commons at 7:00 pm on 15th July 2019.

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Photo of John Redwood John Redwood Conservative, Wokingham 7:00 pm, 15th July 2019

People call this project an investment. Now, one aims to get a return on an investment. If we wanted a very modest 3% real on this £55 billion slug of capital, it should be generating profits of £2.75 billion every year. I do not think it will make a single penny. The case for investment has not been made.