“The decision to go ahead with HS2 is deeply disappointing.
“With the predicted costs ballooning to £106 billion, the costs are now likely to exceed the benefits. And the project is highly unlikely to transform the North in the ways that have been promised.
“Investment in alternative schemes – such as incremental improvements to existing infrastructure in northern towns and cities – would deliver far larger economic gains.
“The additional announcement of £5 billion spending on buses and cycle routes is another poor use of taxpayers’ money. Many bus services outside London are already running almost empty and the new ones are unlikely to attract enough passengers to be economically viable.”
Notes to editors
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For IEA reading on HS2, click here and here.
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