Think Tanks
Printable version

It’s not too late to cancel HS2, says IEA expert

Dr Richard Wellings, Head of Transport at the Institute of Economic Affairs, responded to the Public Accounts Committee’s report, that says the High Speed 2 rail project has gone “badly off course,”

“It’s absolutely scandalous that the government hid HS2’s problems from taxpayers and MPs. If the delays and ballooning budget had been revealed earlier there would have been more pressure to cancel this ill-conceived project, potentially saving over £100 billion.

“Unfortunately, senior transport officials have a strong vested interest in the scheme going ahead. HS2 is a lucrative gravy train, providing them with some of the highest paid jobs in the civil service, so it’s not surprising that they resorted to dishonourable behaviour to protect it.

“This damning report hardly inspires confidence in the management of the scheme going forward. It is not too late to cancel HS2 before even more taxpayers’ money is wasted.”

NOTES TO EDITORS  

For media enquiries please contact Annabel Denham, Director of Communications: 07540 770774.

For further reading:

The mission of the Institute of Economic Affairs is to improve understanding of the fundamental institutions of a free society by analysing and expounding the role of markets in solving economic and social problems.

The IEA is a registered educational charity and independent of all political parties.

Report: High Speed 2: Spring 2020 Update

Original article link: https://iea.org.uk/media/its-not-too-late-to-cancel-hs2-says-iea-expert/

Share this article

Latest News from
Think Tanks

Your workplace wellbeing platform