Infrastructure Bill [Lords]

My hon. Friend is right; not for the first time, he highlights these matters. That is precisely why the reporting mechanisms implicit in the new clause are so significant. As he rightly says, it is not enough simply to put in the resources, although we are clearly doing that, as I have shown; it is also important that we measure the effect of those resources. As I said, the arrangements that we have set in motion ensure that these matters are reviewed regularly, and that when setting or varying the strategy we bear in mind the desirability of certainty and stability. We will consult on whether to make a variation once the strategy has been set. For those reasons, I hope that the whole House will join me in welcoming this exciting development.