The Daily Mail references the IEA on HS2
It sounded so modern, so forward-looking, so Continental — a reflection of the gee-whizz new style of David Cameron’s Coalition Government.
But now, that high-speed dream is becoming a slow motion nightmare as costs mount by the billion and one of the Government’s transport experts conceded this week the much-trumpeted economic benefits are spurious.
Questioning the entire basis of the unusual financial modelling used for the report, Prof Graham tartly commented: ‘These numbers really need to be scrutinised, otherwise they could turn out to be fanciful.’
His scepticism is echoed by countless others, including Richard Wellings, of the Institute of Economic Affairs.
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