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Examination of Witnesses

Part of High Speed Rail (Preparation) Bill – in a Public Bill Committee at 12:00 pm on 9th July 2013.

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Sarah Hayward: The business compensation is a big issue at the moment, and it is not clear at all how that will work. We had an issue with Crossrail 1, where some businesses were not compensated until nine months after their businesses had been closed for the Tottenham Court Road station work. Obviously, we want to ensure that that does not happen, because people need to be able to relocate their businesses.

In the Euston area, my recollection—I do not have the figure to hand; I am happy to provide it later for the Committee—is that 2,500 jobs will go as a result of the demolition in the Euston area, and obviously, there is the knock-on impact in Camden Town that we have talked about, with the link. There are already blight impacts—several planning permissions are not being implemented that would provide jobs if they were implemented. Then there are the knock-on impacts: one of those is on a street full of restaurants and leisure activities that would be cut off from Euston station. They get up to 50% of their trade from passing Euston station traffic. We cannot quantify what that impact will be until we know what the construction methods and programme will be, but we know it will be pretty devastating to those businesses. HS2 really needs to work with us to understand those impacts and compensate businesses appropriately, and that is not being done at the moment.