The Public Accounts Committee has issued a report which says that the Department for Transport has failed to present a convincing strategic case for the HS2 rail link. The committee felt that the stated benefits were based on fragile numbers and out of date data, and that the line would not help the growth of regional cities. At the same time the estimated costs have risen to £50bn which, it is argued, could be more effectively used to improve the existing rail network.
A further report on the regional economic impacts of HS2 commissioned by The Department for Transport and written by KPMG has given details of the areas which will suffer financially as a consequence of HS2. The worst affected areas will be;
- Aberdeenshire, Aberdeen City and Moray
- North East
- Dundee and Angus
- North West
The Government has stressed that HS2 will provide economic benefits to the country overall and that more regions will benefit than will suffer. Read more