Greg Smith

Greg Smith

Conservative — Mid Buckinghamshire

Speaking in the House of Commons on 15 October 2026

Debate

Highways (Financing) Bill

Contribution

How we pay for infrastructure is a matter that the House needs to take extraordinarily seriously. When the Government announced that they would bring forward measures set out in the King’s Speech on using private finance to build new roads, Labour Members should not have been surprised. After all, the Prime Minister was one of the most effective defenders of PFI schemes in the NHS during his previous time in government, and as Mayor of Greater Manchester his effusive praise of the investment from Manchester City shows his willingness to back private finance. It should therefore come as little surprise that the Government are interested in how we can leverage private funding for our roads. The Minister set out in his opening remarks that this is the biggest change in this area since the 18th century. Well, the Bill does indeed once more open the back door to highway robbery. Having reflected on the debate and listened to the contributions of hon. Members from across the House, I think that most hon. Members recognise the importance of finding innovative methods to build infrastructure. Members from across the House can look at examples of cost overruns on infrastructure—particularly on the lower Thames crossing—that has used private money and incentives to increase road capacity and improve the experience for drivers. As the Government’s own slightly outdated figures in their impact assessment set out, the vast majority of miles travelled across our country are travelled in our cars, and over two thirds of freight is transported on the strategic road network. That point shone through in many of the contributions. We started with the hon. Member for Northampton South (Mike Reader) and his public service safety announcement. He was followed quickly by the Lib Dem spokesman, the hon. Member for Didcot and Wantage (Olly Glover), who, in true third-party style, could not muster up a speech without a European comparison. He was followed quickly by my hon. Friend the Member for Christchurch (Sir Christopher Chope), who brought us his memories of 1991 and Her late Majesty, focused on a case of private enterprise at its very best: the QEII bridge. He then shared ideas with the House, based on his ministerial experience. His points on London’s bridges were particularly well made.

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