HS3: A costly vanity project
Government action has driven the market for private money
Mark Littlewood comments on draft regulations for the plain packaging of tobacco
Dr Richard Wellings sheds doubt on HS3
“The relatively short distances between northern cities mean that high-speed rail is an expensive and inefficient way of linking them together. Because northern conurbations are spread out geographically and include numerous different towns, high-speed trains between the largest city centres would make little difference to door-to-door journey times for a high proportion of travellers.
“The Chancellor should be focusing on smaller-scale schemes that deliver high returns for the taxpayer or, better still, that can be financed privately, rather than concocting a headline-grabbing vanity project designed to attract votes.
“Not content with wasting tens of billions on the loss-making HS2 scheme, George Osborne is now threatening to compound the error by forcing taxpayers to fund HS3.”
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