This is a guest post by Jerry Marshall.
Misunderstanding – Lille has benefitted from high speed trains/station
Unemployment in greater Lille has increased relative to the national average.
Misunderstanding – HS1 has provided economic benefits
HS1 is running at just a third of forecast demand, cost the taxpayer billions and has left local commuters up in arms at cut backs to other services.
Misunderstanding – There is a national consensus for high speed rail in UK
According to a recent YouGov poll, 48% are against HS2 and only 34% in favour.
Misunderstanding – HS2 benefit cost ratio 2.6
When a more realistic view is taken of the assumptions made in the business case the BCR reduces to around 0.5. Many of these issues were raised by the independent report produced by Oxera for the Transport Select Committee, who concluded the benefits were ‘uncertain’.
Misunderstanding – HS2 will help the North South divide
The regeneration benefit would be marginal and mostly benefit London, which is the expected result when a dominant capital city enjoys faster connections with other cities.