Full details of new HS2 compensation deal announced

The Government has announced a £600 million compensation scheme for homes and businesses affected by the new HS2 rail line that will pass through Buckinghamshire and Oxfordshire.

The Government insists it is one of the most generous packages of its kind. It has been revealed that 532 properties and businesses will be demolished. Residents have already reacted saying the plan is "an insult."

Those living within 60 metres of the line will get the full value of the property and 10 per cent on top - up to £47,000 maximum.

Those between 60-120 metres will be able to get the market rate of their properties or a cash payment of between £30,000 and £100,000 if they decide to stay put.

And for people living 120 and 300 metres from the route there will be compensation payments of between £7,500 and £22,500.

Our Transport Correspondent Mike Pearse has been gauging the public reaction to today's announcement.

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New help for property owners that will be affected by HS2

The government have published an improved compensation and assistance package for property owners that will be affected by the HS2 rail route.