Kenilworth's MP calls on Secretary of State to address problems with HS2 compensation
By James Smith
6th Dec 2022 | Local News
Kenilworth's MP has called on the Minister of State for Rail and HS2 to urgently address issues around compensation for people impacted by the project.
Speaking in the House of Commons last week Sir Jermey Wright called on Hew Merriman to make sure the government was meeting its promise to be fair to residents entitled to compensation.
"He will know that for those who find themselves in the path of this project, obtaining compensation is a painful and long drawn-out experience," he said.
"That is particularly true for those subject to compulsory purchase, where payments are delayed.
"Where they are delayed, there are very low rates of interest, and valuations are heavily contested.
"That is not meeting the promise that he referred to, that the government would be fair and that people would not be worse off as a result of this project."
Sir Jeremy called on Mr Merriman to look at this issue, saying the government planned to increase interest rates for payments but never did.
The minister said £3.2 billion had already been spent on compulsory purchases, with more to come.
He said interest rates for HS2 were at 0.5 per cent - below the Bank of England base rate.
"The government did recognise that there were problems with acquisitions, and a report was commissioned by a predecessor of mine," he added.
"We will ensure that we can learn lessons."
He said he would meet with Sir Jeremy to discuss the matter.
Kenilworth Nub News reported in July that up to that point nearly £30million had been given out in compensation to residents and businesses in the CV8 postcode area.
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