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PM orders HS2 savings review

David Cameron has the CBI conference that he has ordered the new boss of the HS2 rail project to find ways of cutting costs. He accused critics of the project of "putting the country's future at risk."

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Cameron: HS2 boss must cut costs

David Cameron has tasked the new boss of HS2 to find ways of cutting costs.

David Cameron will tell a conference of business leaders that "fortune favours the bold - not the weak and indecisive". Credit: PA

Sir David Higgins' first task in the job will be to report on lowering costs and maximising benefits, David Cameron will announce today.

Speaking at the annual Confederation of British Industry conference in London, the Prime Minister will claim dithering over HS2 will condemn Britain to the slow lane.

The scheme needs cross-party approval to continue but Labour's shadow chancellor threw the party's support into doubt earlier this year.

Ed Balls raised concerns over the spiraling costs, insisting he would not sign a "blank cheque".

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