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Osborne: No further spending on £50bn HS2

George Osborne welcomed David Higgins' recommendations for HS2 but warned there will be "no increases" on the £50 billion project. The boss of HS2 challenged politicians to pave the way for a faster building of the high-speed line to reduce spending.

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HS2 boss: Rail demand 'growing at about 5% per annum'

Demand on Britain's rail service is "growing at 5%" every year, the chief executive of HS2 told Daybreak.

Sir David Higgins said a completed HS2 line would cure a multitude of economic woes, including creating jobs, lure more businesses to the north and help create more space for passengers.

"No new railway lines north of London in 100 years - why should we put up with that? It's not fair on jobs that are created in the region."

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