Calls to scrap HS2

The Institute of Directors (IoD) has joined those calling for HS2 to be scrapped, branding the £50 billion high-speed rail project "a grand folly".

National

HS2 'needed as network will be full by mid-2020s'

The HS2 high-speed railway project is needed because without it, the existing rail network will be "full by the mid-2020s", the Department for Transport said today, after the Institute of Directors slammed the initiative.

A train passes through Church Fenton, North Yorkshire where it is proposed the HS2 railway will link with the East Coast Mainline. Credit: Anna Gowthorpe/PA Wire

A spokeswoman said: "The scheme is forecast to generate over £50 billion of benefits for the UK economy but we know we must maximise every economic benefit HS2 has to offer.

"That is why the HS2 Growth Taskforce was created, headed up by Lord Deighton, to work with city and business leaders to ensure we are capitalising on every opportunity to help regeneration, job creation, investment opportunities and in building a skilled UK economy."

National

HS2 defends project saying there is 'no alternative'

There is "no other alternative" that delivers the "benefits" of HS2 said chief executive of the project today, after the Institute of Directors slammed the initiative.

While we respect the right of the IOD to state its case, we believe that HS2 will provide value for money and will bring about a transformational change to the economic geography of our country...

The IoD have not yet released their polling data but it is clear that their members are strongly in favour of increasing capacity with 80% supporting investment in long-distance trains and 41% supporting HS2.

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National

Business chiefs slams HS2 project as a 'grand folly'

The Institute of Directors (IoD) has joined those calling for HS2 to be scrapped, branding the £50 billion high-speed rail project "a grand folly".

The survey also showed that there was little enthusiasm for the project even in the regions where the benefits are supposed to be strongest. Credit: HS2/PA

A survey of IoD members found that just 27% feel HS2 represents good value for money, and 70% say the scheme will have no impact on the productivity of their business.

The survey also showed that there was little enthusiasm for the project even in the regions where the benefits are supposed to be strongest.

Read more: HS2 chief: £80bn claim 'absurd'