Transport
If there is one thing free marketeers and large state socialists agree on, it would be the terrible state/private hybrid ownership structure of our railways currently supported by the government. While large state socialists won’t be happy until the private sector is squeezed out of the system, market liberals view the Conservative government’s actions as ... Continue reading
 In response to the news that the government will “renationalise” Britain’s railways using emergency coronavirus measures, Professor Len Shackleton, IEA Editorial and Research Fellow, said: "The announcement of the intention to renationalise the railways, ahead of the long-awaited Williams Report, is ill-advised. Putting them under the control of Network Rail, whose record in its existing ... Continue reading
It was Winston Churchill who reputably first said, "never let a good crisis go to waste", this in relation to the Yalta conference towards the end of WW2. In tribute, London is currently attempting to use the coronavirus pandemic to advance plans to pedestrianise large parts of the city centre. Not quite Yalta, but in ... Continue reading
Transport

Dr Richard Wellings on BBC Radio 5 Live

Responding to the release of a new report revealing HS2 chiefs lack the skills to complete the £100billion rail project, the IEA's Head of Transport spoke to Stephen Nolan on BBC Radio 5 Live. Richard argued that with the costs of HS2 ballooning, plus the massive hole in the public finances as a result of ... Continue reading

Dr Richard Wellings quoted by The Sun

Responding to the release of a new report showing HS2 chiefs lack the skills to complete the £100billion rail project, the IEA's Head of Transport Dr Richard Wellings called it “a lucrative gravy train." Quoted by The Sun, Richard said:"This damning report hardly inspires confidence in the management of the scheme going forward. It is ... Continue reading
In response to the Public Accounts Committee's report, published today, that says the High Speed 2 rail project has gone “badly off course,” Dr Richard Wellings, Head of Transport at the Institute of Economic Affairs, says: "It's absolutely scandalous that the government hid HS2's problems from taxpayers and MPs. If the delays and ballooning budget had been revealed earlier there would ... Continue reading
As part of the transition from VIRCON-4 (lock-down) to VIRCON-3 (loosening) the UK government has advised those that need to travel to work to walk, cycle or use private vehicles, not public transport. The rail unions have underwritten this guidance suggesting capacity on services with social distancing (two metres apart) is only 10% and their ... Continue reading

Dr Richard Wellings quoted in The Sun

"At a time of crisis, the government should not be spending taxpayers’ money on deeply unpopular vanity projects that offer very limited value for money", said Dr Richard Wellings, Head of Transport at the Institute of Economic Affairs. Quoted in The Sun, Richard said the mammoth cost of HS2 was not justified by the weak ... Continue reading

Dr Richard Wellings quoted in The Times

The decision to greenlight construction work on HS2 is "simply unjustifiable", says Dr Richard Wellings, Head of Transport at the Institute of Economic Affairs. Quoted in The Times, Richard said “the economic case for HS2 was always weak. With the country in the midst of a Covid-19-induced economic downturn, the cost of this rail project ... Continue reading

Dr Richard Wellings quoted in City A.M.

As the government gives the green light to HS2 construction work, Dr Richard Wellings, Head of Transport at the Institute of Economic Affairs, casts doubt on the project's viability. Quoted in City A.M., Richard said "the economic case for HS2 was always weak. With the country in the midst of a Covid-19 induced economic downturn, ... Continue reading