Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Parliamentary Report Criticises HS2 Northern Leg Cancellation Raising Operational Concerns

by February 7, 2024
February 7, 2024
Parliamentary Report Criticises HS2 Northern Leg Cancellation Raising Operational Concerns

A scathing report from parliament’s spending watchdog has raised “urgent unanswered questions” regarding the cancellation of the northern leg of HS2, criticising the government’s understanding of the high-speed railway’s future operations.

The Public Accounts Committee of MPs highlighted concerns that the remaining London-Birmingham line would offer “very poor value for money,” with projected costs expected to far outweigh benefits. The decision to divert £36 billion into alternative transport schemes, including Network North, was met with skepticism.

The report underscored several unknown ramifications, including the impact on promised rail schemes and the disposal of land acquired for the northern extension beyond Birmingham.

Crucially, the Department for Transport (DfT) lacks comprehension of how HS2 will function as a functioning railway following recent alterations, particularly concerning connectivity to the west coast mainline and the limitations posed by track curvature on new trains.

Additionally, the decision to seek private investment for the final stretch into London Euston and station redevelopment was met with skepticism by MPs, who questioned the plausibility of securing private funding.

Chair of the committee, Meg Hillier, expressed concern over the government’s commitment to a project with soaring costs, especially after the decision to curtail the northern leg.

The final costs of HS2 remain uncertain, with current estimates for the London-Birmingham line reaching £67 billion, significantly higher than the initial budget. HS2 Ltd emphasized ongoing efforts to control costs and implement programmatic changes.

The DfT defended its plans, citing extensive private sector support for the Euston project and reiterated its commitment to delivering HS2 cost-effectively.

In response to the cancellation, independent plans are being developed by mayors Andy Street and Andy Burnham to enhance connectivity between West Midlands and Manchester.

Despite challenges, construction milestones for HS2 Phase One continue, with progress on Birmingham’s Curzon Street station and significant advancements in tunnel excavation.

Henri Murison of the Northern Powerhouse Partnership criticized the decision, emphasizing the economic importance of the northern sections of HS2.

The future of HS2 remains uncertain, with stakeholders grappling with cost challenges and operational complexities amidst ongoing developments in Britain’s transportation landscape.

Read more:
Parliamentary Report Criticises HS2 Northern Leg Cancellation Raising Operational Concerns

0
FacebookTwitterGoogle +Pinterest
previous post
The Importance of Getting Your Business On the First Page of Google
next post
A Year of Impact: CEO Chad Richison’s company Paycom looks back at philanthropic efforts in 2023

You may also like

Tax hikes blamed for slide in business confidence...

January 6, 2025

Record number of Americans apply for UK citizenship...

May 25, 2025

Plastic bottle deposit return scheme looks set to...

January 20, 2023

Getting To Know you: Jeremy Stern, Founder &...

May 29, 2024

Renters’ set to get protection as watchdog launches...

March 1, 2023

Mike Lynch to campaign for Britons wrongly convicted...

July 29, 2024

Amazon launches volunteering month

September 7, 2023

Trump extends TikTok sale deadline amid ongoing talks...

April 4, 2025

Trump’s anti-DEI push splits opinion among Britons

February 24, 2025

Thousands of firefighters and control room staff will...

September 6, 2022

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • The Best Five Sectors, #28

      July 20, 2025
    • Why More Businesses Are Choosing a Fractional CMO Instead of Agencies and Junior Hires

      July 19, 2025
    • ‘Get a job’: Medicaid work requirements included in Trump’s megabill sparks partisan debate on Capitol Hill

      July 19, 2025
    • Trump has now been in office for six months, for the second time. Here are the highlights

      July 19, 2025
    • Week Ahead: NIFTY Violates Short-Term Supports; Stays Tentative Devoid Of Any Major Triggers

      July 19, 2025
    • Slovenia approves law to legalize assisted dying for terminally-ill adults

      July 19, 2025

    Categories

    • Business (8,525)
    • Investing (2,134)
    • Politics (16,122)
    • Stocks (3,222)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved