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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.

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Investment elsewhere 'far more sensible' than on HS2

Investment in the West and East Coast main lines as well as a variety of other infrastructure projects would be a "more sensible option," the director of the Institute of Directors said today after it slammed the HS2 high-speed rail project. Simon Walker added:

Businesses up and down the country know value for money when they see it, and our research shows that they don't see it in the Government's case for HS2.

We agree with the need for key infrastructure spending, but the business case for HS2 simply is not there. The money would be far better spent elsewhere and in a way that will benefit much more of the country.

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