The fact that half of the surveyed FTSE 100 bosses are against HS2 being built further underlines why this project has very deep economic faults which the Department for Transport should analyse more seriously. The business case for the project is flawed, highlighted again by the Government's own report yesterday which has lowered the expected benefit-cost ratio and revised an earlier assumption that business people do not get much work done on trains.
The colossal £42bn cost should be spent on better and cheaper schemes across the UK. Here in the Capital, our Mayor should fight hard for a significant amount of this cash, and invest it directly into our tube, bus, cycle and riverboat networks, making London an even more attractive city to live, work and invest in.
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