by Rob Williams
The ill-conceived HS2 project loses more support by the day. The Public Accounts Committee recently published a report which says it is beset by spiralling costs, a lack of expertise and unrealistic delivery timetables. In the summer, Peter Mandelson and former Transport Secretary Alistair Darling argued that this is one infrastructure scheme that really deserves to hit the buffers.
Now, shadow treasury chief secretary Rachel Reeves, said Labour would cancel it “if we don’t think it’s good value for money and costs continue to rise”.
The economic case for HS2, always rather weak, gets worse by the week,. The cost of this already expensive project has been revealed to have gone up by £10 billion to £42 billion. And this excludes the actual trains to run on the line, which would add another £7 billion.
Perhaps this is why the government doesn’t talk too much about the Business Case for HS2 any more (it is now close to 1:1, which means, basically, that there is no benefit). And much of that benefit is based on the ridiculous assumption that business travellers do no work on trains.
So now Patrick McLoughlin says cutting 20 minutes off journey times between London and Birmingham is “almost irrelevant. It should always have been about capacity.” Well, yes. Increasing capacity on the railways is certainly necessary but the trouble is, with HS2 increased capacity will take a long, long time to deliver. Phase 1 of HS2 on its own – the London to Birmingham line – will not be running until 2026 at the very earliest. We are going to have a long wait for the next high speed train.
