It emerged today that the cost of a new tube line and so on to cope with passenger dispersal from Euston once HS2 is running north of Birmingham would be £6-9bn. That is not included in the business plan or the cost benefit analysis.
I’m glad I asked the question.
As was pointed out today, there is much at stake for the generations which follow us. Amid the casual flinging around, or indeed omission of, so much money taken from the taxpayer, amid talk of 30-year plans and careful regional integration, it would be helpful if we decided whether the decline of the North is attributable to the lack of rail capacity and speed or something else.
My view is that high taxes and inflation to monetise deficit state spending have much more to do with the lack of prosperity and prospects in the north than transport links to, and therefore extra dependency on, London.
The inquiry continues.