I very much welcome the Bill. It is an important stage in implementing a promise from the Liberal Democrat manifesto. The Bill gives the Secretary of State the power, subject to the approval of the Treasury, to incur expenditure in preparation for the high-speed rail network. The language used in the Bill is open-ended because it states that this expenditure must include at least rail lines connecting London, Birmingham, the east midlands, Sheffield, Leeds and Manchester, and which connect with the existing rail network. The “at least” phrase means that the HS2 expenditure being approved under the Bill is not limited to the cities and regions mentioned, but prepares the way for further extension of HS2 in the future.
This is in line with the Government’s wish to work with the Scottish Government on this issue, with the aim of having a third phase to connect the high-speed link on from Manchester to Glasgow and Edinburgh. By enhancing connectivity between Britain’s large cities, HS2 will make investment in the regions outside London and the south-east far more attractive. This is vital if we are to help rebalance the UK economy and increase jobs and growth. HS2 will underpin the delivery of at least 100,000 jobs, and hopefully far more.
It is estimated that HS2 will transfer approximately 9 million journeys from road to rail and 4.5 million from air to rail. This will ease road congestion and reduce some of the pressure on our airports, allowing our economy to grow in an environmentally friendly manner. Passenger demand is expected to grow and if we do nothing, it is anticipated that the west coast main line will reach full capacity during the next 15 years. High-speed rail provides the best possible option to cope with ever-rising passenger demand and to ensure that we have sufficient future capacity to satisfy the needs of the UK economy.
HS2 will also help to free up capacity on the existing rail network, in particular the west coast main line. As well as improving services for passengers, it will free up capacity for more freight on the railways. HS2 will radically shorten journey times between London, the midlands and the north of England and Scotland. For example, it will shorten the journey time between London and Edinburgh by 45 minutes. That is after phase 2 is completed and without waiting for phase 3.