Business leaders representing London and the North are calling for certainty over the future of HS2, fearing another broken promise
Economists don’t always agree when it comes to how to create the conditions in which businesses can thrive. However, there is one matter on which there is complete consensus – the need for certainty.
It’s a major problem. Large-scale infrastructure – which economists agree is critical for driving productivity and economic growth in the long-term - takes decades to build but the UK has fallen into a bad habit of changing its mind and this has serious consequences for business confidence and our economic ambitions.
There are also significant knock-on effects for other transport projects. Cancelling the HS2 Phase 2b hybrid bill would remove the most critical remaining section of Northern Powerhouse Rail between Manchester Piccadilly and Manchester Airport, which is vital for getting passengers from Liverpool across the Pennines.
It would also leave Euston as a gaping hole in the centre of London for years - a kick in the teeth for local businesses and residents who have put up with works on the promise of the huge benefit to come later down the line.
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