ConDems turn the juice off

More dark clouds over the previous government's electrification plans.

This from a Lord's debate on Tuesday 15th June ominously entitled Transport: Savings

Lord Faulkner of Worcester (Labour)
My Lords, I join those who have congratulated the noble Earl on his appointment and thank him for the courtesy he extended to me when I was sitting in the place that he now occupies. Perhaps I may start with an easy question for him. Does he agree that the maintenance of the commitment to electrify large parts of the railway system, as announced by my noble friend Lord Adonis, and the commitment to build High Speed 2, are both very sustainable and green forms of transport which the new Government will follow?

Earl Attlee (Whip, House of Lords; Conservative)
My Lords, we are committed to High Speed 2, but the noble Lord will understand the problems with expenditure on electrification in the current economic climate.

So that will be a "no" then?