High Speed Rail (London–West Midlands) Bill

My Lords, for the convenience of the Committee, I can speak to Amendments 19 and 20 together, which should save us a little time. This is a very short and probing amendment which comes out of experience with HS1. When the HS1 legislation was going through, Ministers seemed to have a lot of intentions to set it up so that it could be sold to the highest bidder in the shortest possible time and at the highest price. They seemed to think that if they did not have independent regulators keeping an eye on what was going on, that would dramatically increase the sale price. Anyway, the Bill received Royal Assent and it all happened, but a few years later we realised that, having no regulator with any teeth at all, the infrastructure manager, which could have been in the private sector, could charge exactly what it liked for the trains to run on it, could close it when it liked, and did not have to justify its costs of operation or anything else. All I have put down in these amendments is simply to probe the Minister to ensure that he is not trying to do that this time. I have no evidence that he is at all but I just wanted to probe to make sure. We spent an awful lot of time in the years after the HS1 Act—the noble Lord, Lord Bradshaw, and I did a lot of it together—bringing in regulations, which the Government accepted, to right the mistakes of the first Act.