My Lords, I regret that I was not able to speak at Second Reading, owing to other commitments. I associate myself with the noble Lord’s question about costs in relation to the new company.
I also have another question: will this new company be able to raise money in a way that the Highways Agency is not currently able to do? That would of course potentially enable important infrastructure investments to go ahead even in times of stringency. I also associate myself with the comments about the A303, having lived off the A303 all my life and having seen probably 50 years’ worth of proposals for Stonehenge—none of which has so far come to fruition.