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

Future Retirement Success

Business

HS2 Phase Two: Birmingham to Manchester expected to be cancelled within days

by September 21, 2023
September 21, 2023
HS2 Phase Two: Birmingham to Manchester expected to be cancelled within days

Insiders have revealed that the HS2 Phase Two project, the high-speed rail line from Birmingham to Manchester, is expected to be cancelled.

The announcement could be made as early as next week, marking a significant shift in the UK’s infrastructure plans.

The HS2 project, initially intended to link London, the Midlands, and the North of England, has been plagued by delays and escalating costs. The budget for the entire HS2 project was set at £55.7bn in 2015. However, the target cost, excluding the eastern leg of Phase 2b from the West Midlands to the East Midlands, has skyrocketed to between £53bn and £71bn in 2019 prices.

Despite £2.3bn already invested into the second stage of the national line, a leaked photograph obtained by The Independent suggests that ministers are considering scrapping the northern leg to save an estimated £35bn. This follows the controversial decision in 2021 to scrap the Leeds terminus and downgrade Northern Powerhouse Rail.

Senior Government sources have stated they were not aware of any final decision, with the ultimate call likely to rest with Prime Minister Rishi Sunak alongside Chancellor Jeremy Hunt. Mr Sunak has previously expressed the need to find a way of delivering infrastructure projects that don’t cost taxpayers billions of pounds.

The potential cancellation of the HS2 Phase Two project follows a series of setbacks. The eastern leg to Leeds was cancelled two years ago, and it was confirmed in March that construction between Birmingham and Crewe would be delayed by two years. Furthermore, services may not enter central London until the 2040s.

Transport Secretary Mark Harper announced a two-year pause on work at Euston due to costs forecasted to reach £4.8bn, nearly double the initial budget of £2.6bn. This means that Old Oak Common, in the capital’s western suburbs, will be the railway’s only London station when services to and from Birmingham Curzon Street begin between 2029 and 2033.

The cancellation of the HS2 Phase Two project could have significant implications for the UK’s infrastructure and economic development, particularly in the North of England. As the situation unfolds, all eyes will be on the government’s next steps in managing the country’s ambitious but troubled high-speed rail project.

Read more:
HS2 Phase Two: Birmingham to Manchester expected to be cancelled within days

0
FacebookTwitterGoogle +Pinterest
previous post
Rupert Murdoch: A Titan of UK Media and Politics Bows Out
next post
Seasonality and Fundamentals Converging on GLD

You may also like

Holiday home owners face seeking approval to let...

April 13, 2023

Royal Mail urges people to use or swap...

December 23, 2022

Is over-focusing on privacy hampering the push to...

June 11, 2024

Businesswoman ‘facing bankruptcy’ after being sued for Facebook...

April 25, 2023

Home charger maker Myenergi slips into the red...

December 24, 2024

FATCA and its impact on US expats with...

September 18, 2024

Decentralized finance is nothing about bitcoin and blockchain.

November 22, 2022

UK Government to Recognise the EU’s Product Safety...

August 3, 2023

Mastering Dual Audience Writing: How to Create Content...

March 26, 2024

Leveragesix.com Review | How LeverageSix Shapes a More...

December 8, 2023

    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

    • Trump warns of ‘serious consequences’ if Elon Musk funds Democrats

      June 7, 2025
    • Musk jokes about reconsidering stance on Big Beautiful Bill after Schiff’s praise

      June 7, 2025
    • Musk deletes explosive posts about Trump and Epstein files

      June 7, 2025
    • House witness flips script on Dem who ambushed him during hearing with unearthed tweet: ‘Iceberg is ahead’

      June 7, 2025
    • Call with China’s Xi, and Trump-Musk exchange fueled barbs during 20th week in office

      June 7, 2025
    • Trump’s conservative allies warn Congress faces critical ‘test’ with $9.4B spending cut proposal

      June 7, 2025

    Categories

    • Business (8,152)
    • Investing (2,019)
    • Politics (15,568)
    • Stocks (3,136)
    • 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