Mark Littlewood writes for The Times Business
“Douglas Oakervee and Lord Berkeley, civil engineers, have the task of seeking out the “facts”. If their analysis is even halfway to being objective, it must be a near certainty that this gargantuan rail project will be cancelled” writes Mark.
“As with all grand government projects, enthusiasts portray the exercise as a valuable scheme to generate work. Again, there is some truth to such a proposition, but only some. Most estimates suggest upwards of 30,000 construction jobs could be associated with the project. However, this works out at about £3 million of state expenditure for each job created — a dire rate of return if boosting employment is a key priority.”
Read the full piece here.