The Mirror features comments from Richard Wellings
Dr Wellings stated, “HS2 should be at the top of the list when the government announces a new wave of spending cuts. This loss-making project will damage growth and destroy jobs, as well as increasing public debt at a time when borrowing has already reached dangerously high levels. Even the Government’s own figures suggest HS2 represents poor value for money for taxpayers. The reality is far worse. The economic case for the scheme is based on a series of highly questionable assumptions.These include optimistic passenger forecasts, limited competition from other routes and new technology and the bizarre idea that business travellers can’t use time on slower trains to do their work”.
Read the full article here.