← LEADERSHIP TERMINAL

UK PARLIAMENT · SITTING

Bobby Dean

MP for Carshalton and Wallington · Liberal Democrat · United Kingdom

IN THEIR OWN WORDS

“We last debated AI properly in this Chamber back in 2023; given how technology moves on, that is light years ago. Instead, we debated the performance of Royal Mail—an important issue, but one that was debated only the previous week in Westminster Hall.”

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“Our thoughts, too, are with the victims of the train crash in Spain and their families. I also want to add to the congratulations to Harry Kane, and say on behalf of all Tottenham Hotspur fans that he is one of our own.”

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“Tom has been a steady and impartial presence, keeping the business of the House running smoothly despite shifts in leadership and political direction.”

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“The alliance made the case that the shortage of doctors and the increase in C-sections means that consolidation will be necessary to keep mothers and babies safe, but obstetricians and midwives are saying that having maternity services close to home is critical and that workforce issues must be addressed in a different way.”

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“The Clerk is the steady presence at the Table, who ensures that whatever the heat of the debate, our proceedings run with fairness, order and respect for precedent. Members from every part of the House have relied on Tom’s guidance, patience and deep knowledge of our procedures.”

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“I echo the tributes paid from across the House and express my gratitude on behalf of the Liberal Democrats to the Clerk of the House, Tom Goldsmith, as he retires from his role today. I would also like to congratulate his successor, Eve Samson, in her appointment as the new Clerk of the House.”

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The complete record

462 held · 423 searchable for Bobby Dean. The searchable lines are below in date order, each linked to its source. Free to read, in full, without an account. Page 2 of 9.

This is not an official version of UK Parliament proceedings. It reproduces the published record and links to it; the official version is the one UK Parliament publishes.

  1. “I am grateful for the point my hon. Friend made, and I will come to make very similar points about the impact that maintenance backlogs are having. It is partly because of the slow payoff of capital investment that we are in this mess. The last Conservative Government completely undermined the NHS’s future by overpromising, underdelivering and sacrificing long-term investment to plug holes in their mismanagement of the public finances. While capital underspends being plundered for revenue black holes is not a total innovation, it did accelerate under the Conservatives, with the most acute period seeing more than £4 billion raided from the capital budget in the five years up to 2019 to cover deficits in day-to-day spending.”

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  2. “According to OECD data, the UK has 10 CT scanners per 1,000 people compared with an average of nearly 20 per 1,000 across Europe. We have 8.5 MRI scanners per 1,000, compared with an average of 12 per 1,000 across other EU nations, and our bed capacity is pitiful. We operate at around 2.4 per 1,000 people, compared with an OECD average of 4.4. The issue has not only been a lack of money; it has also been a lack of certainty and flexibility. The approvals process for capital bids is slow and cumbersome. Even when capital is available, trusts often receive final sign-off so late in the year that they physically cannot begin procurement, get survey work done and start construction in time. The money therefore goes unspent not because of poor planning locally, but because the system itself creates delay.”

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  3. “My hon. Friend makes an excellent point: this is about not just buildings, but equipment and digital and technical infrastructure, all of which are crucial to getting the NHS to operate in the way it should. She also highlights how we need to upgrade ageing equipment to a very basic level, let alone take advantage of all the opportunities that the latest innovations in new equipment could provide us with, if we were able to purchase those. I mentioned that maintenance backlogs are soaring. They have doubled from around £6 billion in 2015 to over £13 billion in 2024. The critical thing to stress is that it did not have to be this way. The UK invested around a third less in health capital during the 2010s than other comparable nations.”

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  4. “The result is a system where underspends exist at the same time as record levels of urgent capital need. Trusts want to invest and start work, but the system ties their hands. The effect of all that has not been abstract. The buildings maintenance backlog includes high-risk failures: operating theatres closed due to ventilation problems, leaks near electrical systems, sewerage failures and outdated wards where modern clinical standards simply cannot be delivered. A 2022 British Medical Association survey found that 43% of doctors reported that building conditions negatively impacted patient care.”

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  5. “The hon. Gentleman highlights the complexity in putting together large capital projects. Funding is not often from one source. It is from multiple sources, and everybody providing the capital needs to have greater flexibility for the schemes to become deliverable, or the funds end up getting clawed back and put elsewhere, as has been done in the past. The yearly cycle that I speak about is important because, in the past, capital departmental expenditure limits rules—Treasury CDEL rules—have meant that any unspent capital must be returned to the Treasury at the year end. Not being able to carry it forward punishes good financial management, prevents multi-year planning and leaves trusts scrambling to spend money before deadlines, rather than investing it strategically.”

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  6. “Despite tens of millions having been spent on basic repairs in recent years, the building is deteriorating faster than the trust can fix it. The new hospital programme promised to resolve many of those issues with a new building for emergency and maternity care but, with that delay well into the 2030s, my constituents are left facing another decade of care in a building that is visibly past its lifespan.”

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  7. “Hospitals such as mine will want to be at the front of the queue for any reallocation, if such an opportunity should arise. I have already mentioned my local hospital, but there is no clearer case of capital neglect than St Helier hospital in my constituency. It is as old as the NHS itself, overcrowded and cramped, and the specialist emergency care functions are simply not up to modern-day clinical standards. Let me be clear: staff at St Helier are working heroically and patients are safe, but they are in a building that is not designed for 21st-century emergency care, with patients routinely treated in corridors. Key recommendations for improving service delivery simply cannot be implemented because there is physically not enough space.”

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  8. “The programme was reset by this Government, with an updated timetable and revised waves of projects. My local hospital’s building was put into the second wave, meaning that work will not begin until the 2030s, which was a bitter disappointment. Since the announcement of delay, things have gone a little quiet overall. A year or so on from the announcement, people are wondering how the programme is getting on. There are rumours that are some in the first wave are not keeping pace and could already be underspending allocations. Mostly, that is put down to the adaptation period of the hospital 2.0 model, an attempt to homogenise design across the country that is broadly welcome. Any delays will spark questions about what will happen to that allocated spend.”

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  9. “The new delegated authority will cut out layers of bureaucracy and speed up delivery on the ground for ward refurbishments and equipment purchases. It will not address issues inherited in the largest NHS capital schemes, however, which brings me on to the new hospitals programme. The programme was imagined by former Prime Minister Boris Johnson—I say “imagined”, because for some time the only place it existed was in his imagination. Conservative leaflets in my patch were emblazoned with a promise that the money had been secured for a new hospital building that would be delivered by 2024. I am sure that experience holds true for many in this room. When 2024 came, hardly a brick had been laid across the country. When the new Government came in, they told us no money had ever been allocated for those schemes.”

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  10. “I do not think we should be churlish about that—an increase in investment is inarguably good—but equally, we should not kid ourselves that investment is now at the required level. It does not fully address the inadequacy of past investment, nor does it bring it in line with international comparators. The King’s Fund has described the failure to reverse the historical underfunding by the previous Conservative Government as “extremely disappointing”. The NHS Confederation is asking for the commitment over the spending period to be doubled in real terms, from £3.1 billion to £6.4 billion. There has also been greater flexibility, with Treasury approval now only required for capital projects in excess of £300 million, up from the previous, pitiful £50 million.”

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  11. “It is worth saying that the Government’s stated intention has been a step in the right direction. There has been more certainty, more money and more flexibility. After the initial one-year capital settlement for 2025-26, with assurances that things would continue, the spending review confirmed capital budgets through to 2029-30. Those decisions will provide some stability, though it is still uncertain whether the Treasury clawback system remains in place on an annual basis or over the spending review period. There was a substantial uplift of money in the year 1 allocations, but that is followed by a relatively flat commitment going forward, albeit at a higher level due to the initial uplift.”

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  12. “I recently met an AI developer who thinks they have come up with a solution to the elective surgery booking system. His system auto-calls patients and offers them a choice of appointment, making hundreds of calls in just minutes. They say it beats the old system on two counts. Patients usually receive a date by post without a choice, but the trial in the midlands saw “did not attend” numbers drop by 50%, which they put down to patient choice in the appointment time, and delivery was guaranteed because they had answered the phone. Think of the potential productivity gains if such technology was picked up at scale. I have explained a little about the past state of NHS capital spending and will now turn to where the Government are today. Part of the reason for this debate is to find out where the Government think they are.”

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  13. “Obviously that is a fantastic sign of good capital investment, but when I spoke to the trust I was shocked to discover it is one of the only hospitals in the country with that particular piece of kit, and I thought to myself how much more productive the NHS would be if such equipment was rolled out routinely across the country as soon as it became available. Then there is the infamy of poor IT systems. More than 13.5 million clinical working hours are lost every year due to poor IT. We have all heard shocking stories of hospitals running on Windows operating systems that we were talking to a paperclip on 20 years ago. As the age of artificial intelligence promises to transform the workplace, it would be great if the NHS could catch up with the last decade or so.”

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  14. “I do agree with my hon. Friend. I will come on to the new hospitals programme, as my constituency stands to benefit from it, too—if it comes soon enough. In the meantime, as she says, we are paying twice to pay for the repairs and patchwork, and never keeping up with the investment we need. Ageing diagnostic equipment also means fewer scans, longer waits and more delayed diagnosis. Last year I had the pleasure of visiting my local hospital’s nuclear medicine unit, where I was shown a new machine that was driving down diagnosis times from hours to minutes.”

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  15. “As a member of the Treasury Committee, I recently guested on a Public Accounts Committee inquiry into PPP, which concluded that if we get procurement, contract management, and the risk allocation of projects right, then we can massively accelerate the delivery of infrastructure in our country in a way that delivers real value for money for the taxpayer.”

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  16. “The Government have tentatively re-entered the world of public-private partnership models with their announcement of neighbourhood health centres late last year. We all know how disastrous that model of financing was in the past, with the long-term costs to the taxpayer far outweighing the short-term benefits. Britain was among the first in the world to pilot such a scheme, and it failed fast. It must be said, however, that other nations have learnt the lessons of our failures and successfully delivered social infrastructure at scale, on budget and on time. Indeed, I believe that is one of the reasons why we have fallen behind so badly.”

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  17. “The urgent treatment centre would be able to handle up to 30% of patients—up from 14%—and SDEC could get to 20%, up from 8%. That would prevent unnecessary overnight stays, free up hospital beds, speed up ambulance transfers, and reduce delays for patients needing hospital admission. The plan would also address £15 million of the trust’s ageing estates backlog. It is immediately deliverable; the trust believes that work can begin as early as autumn 2026. It would make an incredible difference, so I ask the Minister to make use of any influence she has over the matter to help the proposal get over the line. Before I conclude, let me raise one further point about NHS capital expenditure that I suspect will not make me popular, but that I believe is right.”

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  18. “Kirsty, one of my constituents, was left anxiously waiting for her 83-year-old mum to be seen, witnessing elderly patients crying, vomiting, screaming and walking around in severe pain in the corridors. The father-in-law of Muhammad, another constituent, waited over 13 hours only to return home without seeing a doctor at all. Others have shared deeply personal details of their stories; their conditions were explained to them alongside countless others in the same corridor. It is undignified, unjust and unsafe. The trust has come up with a plan. It believes that it can redesign the existing estate, creating a new urgent treatment centre and expanding the same-day emergency care service. By doing so, it would dramatically increase the number of patients it can see.”

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  19. “Plans have been drawn up, land has been secured, and teams can move at pace. We need this, we want this, and we are ready. If that is not possible, but other pots of capital to be reallocated still remain, I make a separate plea: extend St Helier’s emergency department now. That is a smaller ask than delivering a whole new building, but it will make a big difference. The only thing more full than the corridors at my local hospital right now is my inbox, which is filling up with constituents describing their traumatic experiences. St Helier hospital emergency department sees around 250 patients a day, with routine overcrowding leading to the trust being placed into national oversight measures.”

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  20. “I agree with the hon. Gentleman, and I am sure that, like me, he hears constituents say that they do not want to attend their local A&E because they do not trust that they will be seen in time. I am sure that the figures he is describing are an undercount of the people who should be in there. Like me, he will have received emails about corridor care for some time. I had hoped that corridor care was a peak crisis moment and that it would subside, but it has become the norm and that is extremely worrying. It is not acceptable for patients, it is not fair on staff, and it is not a sustainable way to run our NHS. If the Government are to reconsider which schemes should be in which waves of the new hospital programme, let me assure the Minister that my local trust is ready to go.”

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  21. “Will the Minister outline whether the Government plan to reform the capital allocation system to allow multi-year planning and reinvestment of trust surpluses permanently? The NHS cannot function without modern, safe and efficient infrastructure. No Government can deliver improvements in performance or productivity without addressing the capital crisis at the heart of our system. I urge the Minister to use this moment to reset the capital regime and put it on a footing that prioritises long-term investment, accelerates delivery and gives patients and staff the facilities they need and deserve.”

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  22. “The new Government have good intentions to improve on all three, but now is the first moment at which we can start to look at their delivery. After what I have outlined today, I would like to put several questions to the Minister. Will she update us on the current level of capital underspend under this Government? Where in the system is the underspend occurring, and what is being done about it? Will the Government allow trusts to carry forward any unspent capital to future years? Will that exist beyond the current spending review period? What assessment has the Department made of the delivery of the new hospital programme, and will any schemes be reconsidered for movement between the waves?”

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  23. “I agree with the hon. Gentleman, who hits on one of the central points of this debate. We can continue to pour money into the operational side of the NHS, but if we do not get the capital expenditure right and improve the equipment, systems and buildings, we will always be pouring good money after bad. I know that PPP is fraught with political risk, particularly for a Labour Government who are scarred by what happened in the past, but I urge them to look at the National Audit Office’s report and the experience of others internationally. They should also listen to the NHS Confederation, which is pushing them to go further and experiment with different financial models for delivering the infrastructure that we need at scale. NHS capital has been insufficient, uncertain and inflexible for far too long.”

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  24. “The Chancellor must be concerned that none of the good news she has shared with us today is being felt by people in the real world. Inflation is down, but she will know that that does not suddenly make things more affordable, and interest rates are down, but she will know that millions will lock into higher-rate deals this year when their fixed-rate terms expire. Combine that good news with higher taxes, higher unemployment and a slowdown in growth, and it is no wonder that people still feel as squeezed this year as they did last year. If the Chancellor’s plan is working, when will people actually feel the benefit?”

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  25. “Of course, the DWP can automatically deduct payments of up to 15% from someone’s universal credit almost immediately, leaving them with no understanding of what happened in the past, let alone how they will manage going forward. The Government are seeking new powers to go into bank accounts and take payments directly, which is extremely worrying given the errors that the DWP has made in the past. This relates not only to the DWP, but to all public sector bodies, so I am not sure who is the relevant Minister, but I would appreciate it if the Leader of the House engaged with the Government to see if they can get more sympathy and understanding into the debt recovery process across public sector organisations.”

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  26. “This is different from what happens in the private sector, which is more heavily regulated and where there is a need to show more meaningful engagement with residents, offer payment plans, and get to court action much later. I see this again in the case of the Department for Work and Pensions. We have spoken in this place about the carer’s allowance overpayment scandal and how those people were chased for payments, but in the last couple of weeks I have had examples in my inbox of somebody whose debt with the DWP rose to £10,000 due to errors on the Department’s part, and started being chased aggressively for that.”

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  27. “I join the Leader of the House in his comments about Ukraine. It is clear that Vladimir Putin underestimated Ukrainians’ resilience and Europe’s willingness to stand by Ukraine. He will find out that we will all stand by Ukraine right to the end of this war. The cost of living has been piling pressure on people for years, and people have been plunged into debt. Bodies such as Citizens Advice and StepChange offer advice on how to get out of debt situations, and one thing they commonly raise with me—I see it in my inbox as well—is the aggressive debt recovery actions of those in the public sector. If people fall behind on council tax payments, councils are often quite quick to cancel their existing payment plans and order them to pay a fine. They also get to a stage involving bailiffs quite quickly—often within six weeks.”

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  28. “There seems to be great confusion in the Chamber, even though the Liberal Democrats have time and again set out our proposals quite clearly in different places. I find it fascinating that the official Opposition accuse us of politicking when they probably agree with the substance of our proposals. They are contorting themselves to find a way not to support the motion, which is about urgency and acting more swiftly than the Government propose to do—I, for one, think that is a good thing.”

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  29. “The hon. Lady is making an excellent speech. Should one of those principles be related not only to content but to the addictive nature of these platforms? One of the changes I have witnessed on social media over time is algorithmic addiction. The greatest minds in the world are now working out the circuitry of our brains and driving content towards us so that we look at our screens for longer so that they can sell more ads. Does she agree with that point?”

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  30. “What is their deadline for releasing the necessary files? Who in the Government will be held responsible if that deadline is not met?”

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  31. “The events of recent weeks have substantially diminished people’s faith in politics, when it was already at an all- time low. It has confirmed the worst of people’s suspicions about how everything works and punctured the optimism of those who believed in better. At the centre of all this are the victims, and their bravery is twofold: first, by retelling their trauma, and secondly, by taking on the world’s most powerful men and all those who aided and legitimised them. The Humble Address passed by this place stands as a test of transparency and a test of parliamentary authority. People demand answers, and they deserve them swiftly. They will not stand for endless consultation, reviews and deliberation. Can the Government therefore confirm when they will bring forward legislation so that Peter Mandelson’s peerage can be revoked?”

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  32. “Thresholds have been repeatedly frozen, including by this Labour Government at the last Budget, which the Institute for Fiscal Studies estimates will add around £3,000 on average to people’s debt pile. All that means that the agreement that students struck has been repeatedly, and unilaterally, changed by the lender after the agreement. I do not believe that would be tolerable in any other walk of life. When the Chancellor was challenged on this last week, she said that the system is “fair and reasonable”. I do not agree, and I think many graduates do not agree, so will the Leader of the House organise a debate in Government time on the changes that have been made to the student loans repayment system?”

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  33. “Over the last few weeks, there has been a national debate raging that, so far, this place has been pretty silent on. It is on the matter of student loans. I know what some on the Government Benches may be thinking, but I am not prepared to duck difficult subjects. Let us face it: the student loans system has changed beyond recognition since its introduction, and that is one of the key complaints of graduates. Maintenance grants have been scrapped in favour of loans, which means that the poorest students now arrive at university with the largest debt. Interest rates, tied to inflation, have soared in recent years; following the period of high inflation, people have been saddled permanently with much larger debts than they expected.”

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  34. “My hon. Friend is talking about the importance of research and the low survival rates. This is, of course, a global problem and a global battle, but Britain has a unique opportunity to lead on this. Just last week, a £1 billion project was approved at the London Cancer Hub, centring around the Institute of Cancer Research and the Royal Marsden, two world-leading operators that want to expand this. Can he talk a little bit about how Britain has the opportunity to lead the world in discovering solutions to rare blood cancers?”

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  35. “If regulated properly, an incinerator is better than landfill, but over the last 18 months there have been hundreds of emissions breaches, and the EA has failed to punish the operators sufficiently. In fact, the EA says that it is minded to approve an expansion in the capacity of the incinerator, despite strong opposition from me, the local authority and apparently the Government, who have stated publicly that they think we have reached capacity for incineration in England, yet still nothing can be done. When I challenged the EA on this matter, it said it feels that it does not have the legal grounds to object to the expansion. I ask the Government: what is going on? Can the Leader of the House organise a debate to ensure that we can hold the EA properly to account?”

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  36. “It is difficult to know when these storms will hit, but we know that they are going to happen more frequently. That has put more intense scrutiny on the role of the Environment Agency, and I fear that it has been found to be lacking. Last year, the EA gave up on main rivers maintenance, saying that it could no longer afford to do it. That is just part of a pattern of the EA not being equipped any more to do its job. In my constituency, I can think of at least two major failures in the last couple of years. This time last year, there was a major diesel spill in my local river, the River Wandle. Some 4,000 litres were spilt, which were suspected to be from a nearby bus garage. The EA was sent to investigate, but one year on, we still do not have its report and nobody has been held to account. We also host an incinerator in my constituency.”

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  37. “I agree wholeheartedly with the comments of the shadow Leader of the House about Jeffrey Epstein and his relationship to Peter Mandelson. I do not intend to repeat those words, but as the political discussion intensifies in the coming days, we must not forget the victims, who are at the centre of all this, and their bravery, not only in retelling their trauma but in risking taking on powerful men—possibly some of the most powerful and connected men on the planet—and all those who serve to protect and legitimise them in those behaviours. I feel a duty to raise some under-discussed issues, including Storm Chandra and its devasting impact on communities, particularly in south-west England, where flooding has damaged homes and a road has collapsed into the sea.”

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  38. “I urge the Minister to look again at the true merits of the project, how many people would benefit from it and the potential for economic growth across the country. I look forward to her response.”

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  39. “The benefits of the Croydon area remodelling scheme are clear: we would have faster, more reliable, higher-capacity rail services across one of the highest-growth regions in the country. There would also be a particular benefit to my constituency. The London borough of Sutton is one of the most poorly served by Transport for London. We do not have a single tube station or the London Overground service. We have a couple of tram stops, but they are in the far corner of the borough and do not really serve our residents. This project could unlock the potential of the London Overground and metro-like services that the rest of London benefits from. We are really excited by that prospect.”

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  40. “It has been suggested to me that the second reason for the delay in investment in this project is to do with covid and how commuter patterns have changed. We are already starting to see a snapback to previous behaviours. If we look at passenger levels, they are almost back up to pre-covid levels, and the reduced frequency and reliability of services are stopping people going back into the workplace as often as they would like. I hear that from my wife, who goes in once a week at the moment. She wants to go in more to see her colleagues, but she does not because she cannot trust the train that she needs to catch, so there is a bit of a chicken-and-egg situation. If we really want to get people out of motor vehicles and using public transport more, we need to build those services so that people can use them.”

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  41. “I think the Government need to look again at which projects can deliver maximum value, to ensure that we are not making the regions race against each other by selecting each project on its merits. I have already explained how investment in this small area around Croydon would provide benefits across the south-east of England, but we would be naive not to think that it would also create benefits right across the country. Where would the suppliers come from? The project would create jobs and business revenue for companies across the country, and that is only the direct effect. It does not include the indirect effects from improving the commuter experience into London—the capital city of this country—and the wider economic benefits that would be felt by all.”

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  42. “When I think of the opportunities that the scheme would unlock, I have to wonder why it has not been chosen. On its merits, it should be pursued. I think the Government have not invested in the project because, like the last Government, they have a strange aversion to investment in London and the south-east. I understand that there are deep regional inequalities in this country that need to be addressed, and we all recognise that there has been severe under-investment in other parts of the country. However, the political consensus in recent years has been to pit the regions against each other, and almost to neglect investment in the south-east and London at the expense of projects elsewhere—not because of the basis of those projects, but because it is politically convenient to do so.”

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  43. “This needs to be put in context, because some of the infrastructure projects across the country that have been committed to cost tens of billions of pounds. We are talking hundreds of millions of pounds to get CARS off the ground and through phase 1, with a total lifetime project cost in the low billions. I know that will sound a lot to many people, but in the realm of infrastructure, this is really good value for money. CARS has been raised for years as a project that should be invested in, and the last debate in the House was an Adjournment debate secured by the hon. Member for Croydon East (Natasha Irons)—not to be confused with East Croydon station—in which she made an extremely strong case, just ahead of the spending review, but we saw nothing about it in that spending review.”

    House of Commons3 February 2026Contains Parliamentary information licensed under the Open Parliament Licence v3.0Source ↗

  44. “Well, it centres on the so-called Selhurst triangle, in which so many trains running through to the south of England get caught up. Its inefficient layout bungs up the whole line, particularly for those who rely on the Brighton main line, but it also has a knock-on effect on other lines because trains are not able to get to stations on time, operators cannot get their stock back, and so on. This small bottleneck, with a radius of a couple of miles, causes cancellations, reduces frequency and leads to poor punctuality and slower journey times right across the south-east of England. When we think of what the Government are trying to do with their growth plan, and particularly things such as Gatwick airport expansion, it makes no sense not to invest in a project like CARS.”

    House of Commons3 February 2026Contains Parliamentary information licensed under the Open Parliament Licence v3.0Source ↗

  45. “I thank my hon. Friend the Member for Chichester (Jess Brown-Fuller), not only for securing this debate but for the clarity with which she articulated the case for transport improvements across different modes, including both infrastructure and operational improvements. I will focus on one particular infrastructure issue: CARS. Not the cars that the former Roads Minister is used to, but the Croydon area remodelling scheme—a train infrastructure project, as I am sure she will know. This is one of the most important commuter corridor projects not only in the south-east but in the whole country. It is a Network Rail-backed plan that is designed to add capacity, modernise a couple of key stations, improve track and signalling, and unclog the Croydon bottleneck, as was mentioned earlier. What does that mean?”

    House of Commons3 February 2026Contains Parliamentary information licensed under the Open Parliament Licence v3.0Source ↗

  46. “The Minister will know that investment in defence R&D has tremendous impacts on the UK economy, not only through jobs and crowding in private investment, but through the spill-over effects of new technologies helping Britain to prosper. Is it therefore not clear that if the Government were to issue defence hypothecated bonds, that would make a brilliant return for the British taxpayer too?”

    House of Commons2 February 2026Contains Parliamentary information licensed under the Open Parliament Licence v3.0Source ↗

  47. “In fact, research suggests that Brits would be willing to see lower returns on their investment if they knew that their money was going to a good cause, and to British assets in particular. Could we have a debate in Government time on just how we can get to that 3% target as quickly as possible? We need to build cross-party consensus on that.”

    House of Commons29 January 2026Contains Parliamentary information licensed under the Open Parliament Licence v3.0Source ↗

  48. “This week, the Liberal Democrats put forward an idea about the possibility of issuing defence bonds. That would raise funds not only via the financial markets but allow ordinary Brits to take part. We could issue them on a fixed-term basis and hypothecate them specifically to capital spending on defence. We believe that that could help us achieve 3% of defence spending by 2030 and allow everybody to participate in the effort. Pension funds and investment portfolios allow people to select the style of portfolio that they would like. Sometimes people tick a box to say that they want to invest in environmental, social and governance measures. We believe that if there was a UK-focused portfolio, many people would choose to opt in.”

    House of Commons29 January 2026Contains Parliamentary information licensed under the Open Parliament Licence v3.0Source ↗

  49. “I associate myself with the comments made by the Leader of the House about Holocaust Memorial Day and the tributes he paid to the people we have lost. Last weekend, all the plotting and deceit finally reached a climax. I have to say that the man from the north who I wanted to win that battle did not quite make it. Still, Faraaz played a good game and I thought that Stephen and Rachel were worthy winners of “The Traitors”— [ Laughter. ] I thought that deserved more. Moving on, I think the whole House can agree that the world has become less safe. Russia’s aggression in Ukraine and the instability that Trump has brought to the NATO alliance has focused minds across Europe. We all know that we now need to find a way to increase defence spending as quickly as possible.”

    House of Commons29 January 2026Contains Parliamentary information licensed under the Open Parliament Licence v3.0Source ↗

  50. “Ten years ago, this place introduced legislation preventing banks from applying tax deductions after paying compensation for wrongdoing. Now lenders are set to pay out billions of pounds in connection with the motor finance scandal, but they will be able to reduce their tax bills because most of those companies have channelled their money via subsidiaries. Does the Minister agree that that is not in keeping with the spirit of the law, and will the Government do something about it?”

    House of Commons27 January 2026Contains Parliamentary information licensed under the Open Parliament Licence v3.0Source ↗