HS2 ‘poor value for money’ after cuts

HS2's Thames Valley viaduct under construction on Phase 1. Phillip Sherratt

The Public Accounts Committee says the curtailed High Speed 2 now offers very poor value for money to taxpayers – and neither the Department for Transport nor HS2 Ltd know what they expect the final benefits to be.

In its latest report into HS2 and Euston, published on 7 February, the Committee points out that even including as a benefit the £11 billion in 2019 prices avoided by not cancelling the whole project, HS2 will only return between £1.10 and £1.80 for every pound spent on the project.

<

Want to read more?

This is a premium article and requires an active subscription.

Existing subscriber? Sign in now

I have a subscription but need to register on site…

You will need your print Customer ID ready to set up an account, you'll find this on your welcome email and cover sheet delivered with each print magazine.

Register now

No subscription?

Pick one of our introductory offers