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UK Government's Energy Policy

I agree entirely with my hon. Friend because to deny south-west Wales the enormous economic opportunity provided by electrification is both inexplicable cost-wise and unacceptable energy-wise. Is the Secretary of State saying that, having admirably committed £1 billion to electrify to south Wales, the Government do not think Swansea is worth a tenth of that? The Railway Safety and Standards Board showed that, taking into account all economic benefits, the benefit-to-cost ratio for electrification all the way to Swansea would be 2:2, compared with a benefit-to-cost ratio on the same basis for Crossrail, which the Government are supporting, of 1:9. The Treasury rule of thumb is that a BCR of 2 is needed for a project to have a good business case, and Swansea clearly meets that criterion.