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Motion that this House has considered funding for major infrastructure projects. Agreed to on question.

Lead member
Wera Hobhouse
Answering member
Gareth Davies
Department
Treasury
Type
Debates
Date
3 May 2023
Reference
732 cc60-79WH
House
House of Commons

I beg to move,

That this House has considered funding for major infrastructure projects.

It is a pleasure to serve with you in the Chair, Mr Sharma. Any Government should have a long-term strategic vision for the country beyond short-term election cycles. Infrastructure planning must be at the heart of any serious...

Member
Wera Hobhouse (Liberal Democrat)
Type
Proceeding contributions
Date
3 May 2023
Reference
732 c61WH
House
House of Commons

Thank you, Mr Sharma—again, it is a pleasure to see you in the Chair. I think I had just got beyond my first sentence, so I will repeat what I finished with. Currently, a long-term, coherent infrastructure strategy is lacking, and the Government are failing to capitalise on the long-term...

Member
Wera Hobhouse (Liberal Democrat)
Type
Proceeding contributions
Date
3 May 2023
Reference
732 c61WH
House
House of Commons

I share my hon. Friend’s concerns that even the Government’s attempts to keep construction of HS2 in budget will, in practice, only add to the already spiralling costs. Surely this shows that spending on HS2 is completely out of control. Whatever our views on this particular project— I personally think...

Member
Sarah Green (Liberal Democrat)
Type
Proceeding contributions
Date
3 May 2023
Reference
732 c62WH
House
House of Commons

My hon. Friend’s intervention goes straight to the issue. What were the initial contracts the Government signed with contractors? We have to scrutinise the plans for delivery to make them viable for taxpayers. To pick up my hon. Friend’s point, the National Audit Office has said that the decision to...

Member
Wera Hobhouse (Liberal Democrat)
Type
Proceeding contributions
Date
3 May 2023
Reference
732 cc62-3WH
House
House of Commons

The hon. Member is making an interesting speech, and I agree with some of what she has said, but let us be clear: the reason so little track was built was because Network Rail failed to deliver it. That is not the Government’s fault; that is an implementation fault. Network...

Member
Stephen Hammond (Conservative)
Type
Proceeding contributions
Date
3 May 2023
Reference
732 c63WH
House
House of Commons

I thank the hon. Member for his intervention; I have already answered half the points he raises. The problem is that the Government need a scrutiny process to ensure that those contracts are delivered on time and on budget. There seems to be something wrong with the Government’s system to...

Member
Wera Hobhouse (Liberal Democrat)
Type
Proceeding contributions
Date
3 May 2023
Reference
732 cc63-5WH
House
House of Commons

It is a pleasure to serve with you in the Chair, Mr Sharma. I congratulate my hon. Friend the Member for Bath

(Wera Hobhouse) on securing today’s very timely debate. It strikes at many of the issues that we face in politics at the moment—issues that must be dealt with...

Member
Alistair Carmichael (Liberal Democrat)
Type
Proceeding contributions
Date
3 May 2023
Reference
732 cc65-7WH
House
House of Commons

I do not know too much about ferry services, but I think the point that my right hon. Friend is making is that we cannot just look at one product in isolation. The cost benefits are wider, in the round.

Member
Wera Hobhouse (Liberal Democrat)
Type
Proceeding contributions
Date
3 May 2023
Reference
732 c67WH
House
House of Commons

Absolutely. I am horrified that, having been a colleague of mine, my hon. Friend says she does not know much about ferry services—she has clearly not been listening! However, the point she makes is a good one.

This is where Treasury rules and funding come into play. If we are looking...

Member
Alistair Carmichael (Liberal Democrat)
Type
Proceeding contributions
Date
3 May 2023
Reference
732 c67WH
House
House of Commons

You were right the first time.

Member
Peter Grant (Scottish National Party)
Type
Proceeding contributions
Date
3 May 2023
Reference
732 c67WH
House
House of Commons

Yes, I am always right the first time.

There is a continuing role for the Treasury in relation to funding, because a significant proportion of the ferries that we are now looking to replace were purchased and commissioned in the first place with a proportion of EU funding. That funding now...

Member
Alistair Carmichael (Liberal Democrat)
Type
Proceeding contributions
Date
3 May 2023
Reference
732 cc67-8WH
House
House of Commons
Type
Proceeding contributions
Date
3 May 2023
Reference
732 c68WH
House
House of Commons

It is a pleasure to see you in the Chair, Mr Sharma. I had not intended to make a speech this afternoon; I came to hear the hon. Member for Bath (Wera Hobhouse) and to intervene on her. Given the vast number of people here, however, I thought I might...

Member
Stephen Hammond (Conservative)
Type
Proceeding contributions
Date
3 May 2023
Reference
732 cc68-9WH
House
House of Commons

I think I was just about to set out the key to getting the financing right. First, we must understand the long-term nature of the projects—a point to which the right hon. Member for Orkney and Shetland (Mr Carmichael) rightly referred. Secondly, if infrastructure is designed, contracted and procured in...

Member
Stephen Hammond (Conservative)
Type
Proceeding contributions
Date
3 May 2023
Reference
732 cc69-70WH
House
House of Commons

I completely agree, but there is also the issue of the long term. I go to meetings and listen. Private investors in green infrastructure or insulation projects, for example, ask time and again for longer-term planning, because that is the only way they can deliver. Does the hon. Gentleman not...

Member
Wera Hobhouse (Liberal Democrat)
Type
Proceeding contributions
Date
3 May 2023
Reference
732 c71WH
House
House of Commons

Private investors ask for two things: certainty that the project they are involved in will be delivered; and the certainty of an operating licence for a period, so that they can get back their investment. Therein lies the second accountability problem. In the operational phase, one should ensure the operator’s...

Member
Stephen Hammond (Conservative)
Type
Proceeding contributions
Date
3 May 2023
Reference
732 c71WH
House
House of Commons

I am pleased to begin summing up the debate, and it is good to see you in the Chair, Mr Sharma. I commend the hon. Member for Bath (Wera Hobhouse) on her very well informed introduction to the debate. I heard her say that she did not win the ballot...

Member
Peter Grant (Scottish National Party)
Type
Proceeding contributions
Date
3 May 2023
Reference
732 cc71-2WH
House
House of Commons

I bridle slightly at the hon. Gentleman’s use of “remote”. I am always being told that I live in a remote community, which means that I have to define the place I call home in relation to somewhere else. Surely the point is not about the distance between Brussels and...

Member
Alistair Carmichael (Liberal Democrat)
Type
Proceeding contributions
Date
3 May 2023
Reference
732 c72WH
House
House of Commons

I take the right hon. Member’s point. Let me clarify that I do not measure remoteness by how far people are from this place or anywhere else. It is arguable that parts of the right hon. Member’s constituency are more remote from each other than they need to be, because...

Member
Peter Grant (Scottish National Party)
Type
Proceeding contributions
Date
3 May 2023
Reference
732 cc72-4WH
House
House of Commons