Tuesday, September 3, 2019

If ministers want to rebalance the economy, they must scrap HS2 | Larry Elliott

Improving rail links in the north is a far better use of £80bn-plus than continuing with a delayed project

The future of HS2, Britain’s most ambitious infrastructure project, is hanging by a thread after the transport secretary, Grant Shapps, announced a delay of up to five years to complete its first phase, accompanied by a massive increase in the estimated cost.

For the beleaguered construction sector, the timing could hardly have been worse. Orders for new work have been drying up at a rate not seen for a decade, so the scrapping of such a large infrastructure project would come as a severe blow.

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from Mergers and acquisitions | The Guardian https://ift.tt/2MZUdvx

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