I have continuously campaigned against a second state-funded high speed rail programme. It is slowly transpiring that the business case is collapsing. The benefit cost ratio (BCR) for phase 1 has fallen from 2.4 in March 2010 to just 1.2 today and 1.4 for the whole of the Y spur extension. A fifth downgrade is expected to be released in the summer incorporating the new, lower GDP figures. How low do the figures need to go until policy makers understand […]
Tags: 51m, High Speed Rail, HS2, Infrastructure, Socialism, Tax Payers