During Prime Minister’s Question Time in the House of Commons, Altrincham and Sale West MP Graham Brady asked David Cameron:
‘Whatever the long term benefits of High Speed Rail, the project is already causing serious worries for tens of thousands of home owners along the route, will my Right Hon Friend give urgent attention and consideration to the possibility of introducing a property bond to remove that blight.’
The Prime Minister told Mr Brady:
‘I know my Hon Friend is concerned about this issue, and I know that it is right that he stands up for his constituents and other MPs have discussed this issue with me. First of all I think we should remain committed to HS2 because it will connect our cities and communities to bring many benefits particularly I believe to the North of England as it is built out, but we should look at the compensation schemes available, and we are consulting and listening to the idea of a property bond.’
Notes:
i) Time of Question: 12:17
ii) The property Bond would guarantee homeowners the market value of their home if close to the route.