Skip to content
City PM
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Opinion
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Opinion
Friday 29 July 2016 12:03 am

HS2 should be abandoned, says The TaxPayers’ Alliance

By: James Nickerson

Add as a preferred source on Google

HS2 is an expensive vanity project that must be scrapped, according to think tank The TaxPayers' Alliance (TPA).

The think tank said that the project costs are rising, likely to hit £90bn, with a timely delivery unlikely.

Jonathan Isaby, chief executive of the TaxPayers' Alliance, said:  "HS2 is a wasteful vanity project which is unlikely to be completed on schedule and will cost taxpayers a fortune.

"The new Prime Minister should now be pursuing bold and imaginative policies to boost economic growth and increase productivity – and that positive approach must include scrapping HS2, which has cost taxpayers far too much already. Ministers should instead be embarking on more worthwhile infrastructure projects that will cost less and deliver far better value."

Read more: Why peers must press for a rethink on HS2 into Euston

The TPA added that the business case for the project has now fallen apart, with demand for travel uncertain. Other projects, it continued, would provide greater value for money.

However, earlier this month newly-appointed transport minister Chris Grayling said that he has no plans to back away from the project.

Grayling said the project to bring high speed train travel between London and cities in the North, including Leeds, Birmingham and Sheffield, will remain on track.

But the TPA continued to say that HS2 is unlikely to help develop the economy of North England to the extent that has been suggested.

Read more: London's Crossrail and HS2 projects helps drive UK's attractiveness for infrastructure investors

There has also been recent criticism from the National Audit Office, which said the project is facing "cost and time pressures".

However, EY disagreed, saying the project is essential for future growth.

Malcolm Bairstow, infrastructure leader at EY, said: “HS2 is essential for the future growth of the UK and will bring additional capacity and faster journeys to the rail network. By connecting London with the UK’s major cities, it will also help to unlock the economic potential of these key UK cities as well as rebalancing the economy.

“Post-Brexit, we need a vote of confidence in infrastructure projects like these if the UK is to remain competitive in a global market.”

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Business
  • Transport & Infrastructure

Trending Articles

  • Top Burnham adviser calls for capital gains and inheritance tax hikes

  • A meeting with the breakfast king of Mayfair

  • Clarkson’s Farm and why businesses must stop blaming the weather

  • FTSE 100 Live: Stocks jump on defence and metals boost; Oil on track to shed a fifth on US-Iran peace hopes

  • BT tops FTSE 100 after finding new home for international business with Verizon joint venture

More from City PM

  • Upgrading the grid risks ending up like HS2

    Opinion
    Electricity grid infrastructure with high-voltage power lines and pylons under a clear sky, representing energy distribution.
  • The climate quango empire will keep growing until cheap matters more than ideology

    Opinion
    Net zero secretary Ed Miliband is set to face more pressure over high energy bills in the UK.
  • Taxpayers will foot the bill for Burnham’s renationalisation whims

    Opinion
    Andy Burnham speaking at Makerfield community event, addressing local issues and engaging with residents in a public setting.
  • Streeting tax policies could cost the Treasury nearly £8bn

    Tax
    Wes Streeting addressing media at a public event, wearing a suit and tie, with a focused expression and microphones visible
  • Government aid ‘worth £28bn’ handed to terrorists, criminals and hostile states

    Politics
    Whitehall and Westminster
  • Brexit 10 years on: Labour’s EU reset deal is ‘no growth strategy’

    Politics
    According to a new report from UK in a Changing Europe (UKICE), UK services trade has been more resilient than almost all other advanced economies.
  • Give me home Euros over World Cup, but is it really worth £557m of taxpayers’ money?

    Sport Business
    Business professionals discussing strategy in a modern office, highlighting teamwork and collaboration in a corporate setting
  • HMRC has been overtaxing pensioners for a decade- have you been affected?

    Personal Finance
    HMRC overcharged pensioners thousands

City PM — European politics, business and analysis.

Europe

  • Germany
  • France
  • Europe
  • UK & Ireland

Topics

  • Business
  • Markets
  • AI
  • Technology
  • Opinion
  • Energy

More

  • Politics
  • Economics
  • Fintech
  • Legal
  • Sport
  • Life

Company

  • About City PM
  • Editorial Policy
  • Corrections
  • Contact
  • Terms of Use
  • Privacy Policy
  • Cookie Policy
© 2026 City PM · Published by CityPM Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
About · Editorial Policy · Corrections · Contact · Privacy