My Lords, does my noble friend the Minister recognise the risks that we are going to run? First, the country will be seen as a laughingstock if we can no longer build a railway. Secondly, the expectations of people in the north and the east Midlands will feel betrayed.

It is very difficult to persuade visitors to this country that Old Oak Common is any part of central London. I hope that we will bear in mind also, despite all that has been said in the argument that has raged over the years, that speed is at the very heart of the human psyche. People want to do things faster than has been done before—and that still exists today.