High-speed rail link 'will boost economy by £15 billion'

HS2
Ministers are arguing HS2 will provide an annual boost of £15 billion to the UK economy. Credit: PA

HS2 will provide a £15 billion boost to the UK economy every year after it is built, the Government claims.

Transport Secretary Patrick McLoughlin will argue the network will relived the pressure on Britain's transport system and insist the project will be completed within its £42.6 billion budget.

"The main reason we need HS2 is as a heart bypass for the clogged arteries of our transport system," McLoughlin will say.

Ministers are attempting to bolster support for the train link, which will connect London with Birmingham, Leeds and Manchester, after it came in for withering attacks from the influential Public Accounts Committee.

Read more: 'No convincing case' for HS2

Advertisement

Govt 'fightback' over HS2 plans

The Prime Minister has said today marks the "fightback" by the Government over controversial plans for the HS2 rail link. The Transport Secretary will highlight a commissioned report claiming the project will provide a £15 billion economic boost.