HS2 'could cost cities £220m'

Cities across the UK could lose up to £220 million each as a result of HS2, according to previously unseen research.

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Transport Secretary backs controversial HS2 scheme

Transport Secretary Patrick McLoughlin said he has "no doubt" the controversial High Speed 2 rail scheme will benefit the whole country, after claims it could cost some cities hundreds of millions of pounds.

Transport Secretary Patrick McLoughlin has backed the controversial HS2 rail scheme. Credit: Jonathan Brady/PA Archive/Press Association Images

Mr McLouglin said the project was "vital" for the economy's long-term health, adding: "It's of no doubt to me that it's beneficial to the UK. We need to make sure our cities in the north are able to compete with the rest of Europe as well."

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  1. Wales

Cardiff could lose out under high-speed rail plans

The high-speed rail project has come under attack.

Cities across the UK could lose up to £220 million each as a result of HS2, according to previously unseen research.

The proposed HS2 link will connect London to Birmingham, Manchester and Leeds. A report by KPMG found that places away from the line will pay a price.

It's claimed that Cardiff could be almost £70 million worse off.

The full findings of the KPMG study into the business case of the high speed rail route were released following a Freedom of Information request by BBC Two's Newsnight programme. The chief executive of HS2 Ltd told the programme the figures were unsurprising.

  1. Central

HS2 'losers' shortchanged by up to £85m a year

Nine Midlands areas would be worse off and could lose millions of pounds a year as a result of the controversial HS2 project, new figures show.

A Freedom of Information request commissioned by the BBC found the areas, including Stoke, Corby and Peterborough, were among 50 nationwide set to lose out.

Several Midlands areas will lose out under HS2 Credit: Lynne Cameron/PA

According to the figures, Corby is set to fare the worst with an estimated drop in annual income between £14.8million and £84.4m.

The Stoke and Staffordshire North area could lose between £9m and £78.4m a year, while Peterborough and Kettering are set to lose up to £65.6m and £50.7m respectively.

Herefordshire, Wellingborough, Rutland, Lincolnshire South East, and East Northamptonshire are among the other areas also set to be left worse off by the high-speed rail line.

DfT: Figures show HS2 boosts north more than south

These figures show that the new north south railway is vital to rebalance our economy and it boosts the north overall more than the south. Of course the line does not serve every city and region and these figures reflect that.

But it is wrong to take them in isolation. HS2 is part of a much bigger boost to our transport system - £73bn in the next parliament, of which HS2 is just £17bn. This will massively benefit places HS2 will not serve long before the line opens.

– A DfT spokesman

UK cities 'could lose £220m' over HS2 rail project

Cities across the UK could lose up to £220 million each as a result of HS2, according to previously unseen research.

The high-speed rail project has come under attack.

The more than 50 areas which will be worse off - including Bristol, Cambridge and Aberdeen - were omitted from the Government-commissioned report when it was published in September, the BBC said.

The full findings of the KPMG study into the business case of the high speed rail route were released following a Freedom of Information request by BBC Two's Newsnight programme. The chief executive of HS2 Ltd told the programme the figures were unsurprising.

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