Business chiefs slam HS2 '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". A survey of IoD members found that just 27% feel HS2 represents good value for money.

View all 6 updates ›

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.

More top news