Matthew Sinclair: Beware of multi-billion pound projects bearing jobs


On HS2 as a job creation scheme:

40,000 jobs from a £17 billion project means that each job is costing well over £400,000.  By contrast, in the wider economy the capital stock is about £3.2 trillion and that supports over 30 million jobs; just over £100,000 a job.  In other words, every job created by high speed rail comes at a cost of four jobs in the wider economy.

via ConservativeHome’s Platform: Matthew Sinclair: Beware of multi-billion pound projects bearing jobs.

Tags: , , ,

Comments & Responses

One Response so far.

  1. Mark Girling says:

    Tony Blair had is vanity project – The Dome. David Cameron wants his – HS2.