HS2 'essential for the UK' economy, say MPs

The controversial HS2 railway is "essential for the UK", with pros far outweighing cons, MPs have said. The transport committee urged the Government to consider building the two phases of the rail link from London to the north, at the same time.

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The cost of the HS2 project

One bone of contention for anti-HS2 campaigners has been the cost of the project, with the Taxpayers' Alliance dubbing the project a "white elephant".

In June the transport secretary told the commons HS2 would go £10bn over the original budget of £33bn to cover "contingency costs".

  • The projected cost of the whole projects is now £42.6bn
  • A total of £7.5bn needed for the purchase of high-speed trains.
  • £14.56bn of the overall cost will be set aside for contingency costs.

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