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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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Less than half of business chiefs spend travel working

The Institute of Directors (IoD) has said that a central part of the Government's current economic case for HS2 was that time spent on a train is unproductive.

However, the IoD said its recent research showed that this assumption was "wildly inaccurate", as only 6% of directors say they never work on a train. According to the figures:

  • 48% of members say they spend at least half of the journey working
  • 26% work for between a quarter and half the time
  • 21% spend up to a quarter of the journey time working productively

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