I could not agree more. The fact is that the current arrangements for compensation are wholly inadequate to deal with this unique—and, I believe, appalling—scheme.
We are also now pressing for a property bond scheme, which would underwrite the property values where this project has an adverse impact. That needs to be set up. Members will know that it is fear of the unknown that
has the greatest impact on the property market. A property bond scheme would create stability in the market, and the idea has already been propagated by the BAA and Central Railway. The ideas are out there, and amendments will doubtless be tabled in Committee to show how such a scheme could work in practice; the argument can be made in more detail then.
As far as I am aware, this scheme has no support whatsoever in my constituency. I have held many meetings in packed rooms and overflowing halls. At the end of them, I have asked, “Does anybody agree with the proposed scheme?” Only one person, who I think was from HS2 Ltd himself, said yes. The amount of very sensible opposition to the scheme is amazing.
The west coast main line is a very good service. My hon. Friend the Member for Stafford hit the nail on the head: it is available and can be improved. Extensions can be made to Euston to improve the availability of the service.
The bottom line is that the whole scheme should be rejected. I shall vote against it with absolute determination tonight, and if we lose, we move on to the compensation arrangements. In fairness to the people who have been completely blighted and whose lives have been destroyed, we must have a property bond and proper arrangements. It is disgraceful.
6.36 pm