Front page of the Daily Telegraph quotes IEA

In a withering report, published today, the all-party Public Accounts Committee, has questioned whether the project represents value for money “in these constrained  times”.

The attack by the MPs is the latest onslaught on the Government’s flagship project to build a 351-mile high-speed line to Manchester and Leeds via Birmingham.

Critics have included the Institute of Directors, who dismissed it as a “grand folly”, the Thatcherite Institute of Economic Affairs and two Labour heavyweights, Alistair Darling and Lord Mandelson.

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