A report, High Speed Fail, has been published today by the Adam Smith Institute has come out against HS2.
Telegraph article here.
Financial Times article here (needs subscription).
According to the Institute’s Head of Research, Sam Bowman:
“The case for High Speed 2 is based on wildly unrealistic projections. It will probably end up making a loss, and will mean a lot more borrowing for the government in the mean time.
“There are no significant benefits to HS2: it will cost a lot of money and achieve virtually nothing.
“The HS2 project has itself become a runaway freight train. If the government is serious about getting tough on wasteful spending, it will hit the brakes on HS2.”