Skip to content
City PM
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Opinion
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Opinion
Sunday 21 November 2021 9:24 am

Former Chancellor predicts PM will U-turn on HS2 cuts

By: Ilaria Grasso Macola

Add as a preferred source on Google
Chancellor Of The Exchequer George Osborne Visits Riverlight Development
George Osborne predicts the government will make a U-turn on its plans to cut the easter leg of HS2.

Former Chancellor George Osborne has predicted Prime Minister Boris Johnson will make a U-turn on the government’s decision to cut HS2’s eastern leg.

Talking to the Financial Times’ Payne’s Politics podcast, Osborne – who was Chancellor from 2010 to 2015 during David Cameron’s government – labelled the decision to scale back on HS2 as “pretty disappointing”.

“I don’t think high speed rail in the east of England up to Yorkshire is dead yet,” he said. “You had a Labour Party commit very quickly to build it.

“I think the pressure will grow on the Conservatives because … there are actually quite a lot of marginal seats around Bradford and Leeds.”

Osborne also added that the government’s railway package was too short in terms of infrastructure plans, the Financial Times reported.

“It’s not often you can say this about Boris Johnson but he lacks ambition,” he said.

Read more

George Osborne: Manchesterism is a real thing but Burnham ‘only part of the story’

George Osborne speaking at a business conference, wearing a suit, addressing economic issues and policy changes in the UK.

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Transport & Infrastructure
  • Politics

Related Topics

  • George Osborne
  • HS2

Trending Articles

  • Two solicitors linked to Post Office scandal charged with misconduct

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

  • Revealed: Secret Treasury plan to tax State Pension before it is paid out

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

  • As it happened: Stocks tumble after Apple rattles global markets; UK food exports hit by US tariffs

More from City PM

  • George Osborne: Manchesterism is a real thing but Burnham ‘only part of the story’

    Politics
    George Osborne speaking at a business conference, wearing a suit, addressing economic issues and policy changes in the UK.
  • 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.
  • ‘Unsustainable’ – Iceland boss and Labour peer calls for end of triple lock pension

    Economics
    Iceland's Richard Walker
  • Speed or stability? Bond markets strap in for Andy Burnham coronation

    Economics
    Andy Burnham smiling at a public event, wearing a suit and tie, representing positive leadership and community engagement.
  • ‘Tipping point’: CBI boss slams £345bn business tax burden amid ‘cost of doing business’ crisis

    Economics
    Rain Newton-Smith addressing audience at a business conference, wearing a professional suit and speaking at a podium.
  • Markets would take Miliband chancellor appointment ‘worse’ than Streeting, predicts Cavendish chief

    Markets
    Skyline of Canada with iconic financial district buildings, highlighting UK investments and economic growth.
  • Five graphs that reveal Burnham’s fiscal headache

    Politics
    Burnham smiling broadly at a community event, surrounded by enthusiastic supporters, conveying a sense of positivity and u...
  • Burnham coronation closer yet Starmer ally raises alarm on borrowing

    Politics
    Darren Jones discusses strategy with Starmers allies in a formal meeting setting, highlighting political collaboration.

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