Richard Threlfall, Head of Infrastructure, Building and Construction at KPMG comments on today’s report by the Institute of Directors calling for the Government to scrap HS2:
“It is disappointing that the Institute of Directors has joined those seeking to challenge the business case for HS2. I continue to believe that HS2 will have a transformational impact on the UK’s economy and its future competitiveness.
“Work undertaken by KPMG in 2010 showed that a high speed rail network in the UK could boost annual economic output in 2040 by between £17bn and £29bn, recovering the currently anticipated £42.6bn cost within just a couple of years.
“And last year 64% of respondents to the CBI-KPMG Infrastructure survey said HS2 would have a positive impact on business. Failing to invest now into big infrastructure projects like HS2 will only speed up the process of putting the UK on a downward spiral to a second tier economy.”
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