Government is wholly misguided to back HS3



New paper calls for reform to student loans system

Press Release

Our long-term fiscal situation is unsustainable unless significant reform is undertaken

Dr Richard Wellings reacts to new proposals for a third high-speed rail link

Commenting on Sir David Higgins’ backing of HS3, Dr Richard Wellings, Head of Transport at the Institute of Economic Affairs, said:

“The proposal for a new high-speed rail link in the north is little more than a costly vanity project.

“HS3 is an expensive and inefficient way to link northern cities, which are relatively close in distance. A high-speed rail line would make little difference to door-to-door journey times for most travellers, northern conurbations being geographically spread out to include numerous different towns.

“Rather than creating headline-grabbing policies, government resources would be better spent on smaller-scale schemes that deliver high returns for the taxpayer, or, that can be financed by the private sector.”

To arrange an interview please contact Camilla Goodwin, Communications Officer: 07821 971 443

Notes to editors:

The mission of the Institute of Economic Affairs is to improve understanding of the fundamental institutions of a free society by analysing and expounding the role of markets in solving economic and social problems.

The IEA is a registered educational charity and independent of all political parties.