Skip to content
Wednesday 12 August 2026London --:--Frankfurt --:--Zurich --:--
NewslettersSearchEN · DE
MorningWire

European business, markets and politics

FTSE 100
10,833.15
-0.10%
DAX
26,331.07
-0.23%
CAC 40
8,674.94
-0.46%
STOXX 50
6,533.99
-0.26%
  • Europe
  • Markets
  • Business
  • Economy
  • Technology
  • Politics
  • Opinion
More
GermanyFranceBankingAIEnergyFintechPropertyCapital Markets
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Economy
  • Technology
  • Politics
  • Opinion
  • DE
Monday 03 September 2018 12:23 am

Crossrail’s delay sounds depressingly familiar

By: Julian Harris

Add as a preferred source on Google

With a plethora of talented engineers at our disposal and a rich history of leading the world in pioneering rail projects, it is depressing to witness Britain’s clumsy approach to improving the country’s transport links.

Commuter services into the City still woefully under-serve the UK’s economic engine.

Meanwhile, news has broken that Crossrail has succumbed to further delays (of up to a year) and a budget hike that could see the cost of the line approaching £17bn.

On top of the inconvenience to Londoners crammed on to existing services, the delay is also a blow to Transport for London (TfL) and its squeezed finances. TfL will presumably have to stump up extra cash and miss out on several months’ worth of fares, a double blow.

The situation is portentous for passengers in London and beyond, hoping for an improvement to services. In the capital, it is difficult to see how TfL will square the need for Crossrail 2, the Bakerloo Line extension, and so on, with its growing deficit. Fare hikes would be a necessary evil, yet could prove politically unfeasible with a mayoral election campaign on the horizon.

In other parts of the country, modern connections are badly needed, such as the proposed line from north west to north east once known as “High Speed 3”.

However, such schemes remain in the balance while the government blindly presses on with plans for the bizarrely expensive High Speed 2 (HS2). If Crossrail is anything to go by, don’t be surprised if the cost of HS2 heads towards an eye-watering £70bn, as predicted by the TaxPayers’ Alliance, which today sensibly calls for better ideas on how the government could spend the money.

Crossrail, when complete, will represent a remarkable feat of engineering, and provide a much-needed boost to Londoners and visitors landing at Heathrow. Better late than never, for sure. It is just a shame that our transport authorities seem incapable of seeing through more of these projects at a reasonable cost.

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Business
  • Transport & Infrastructure

Trending Articles

  • Five-star Mayfair hotel hit with HMRC winding-up petition

  • Nottingham Forest owner Marinakis sues Crystal Palace for defamation

  • Back to basics: Sainsbury’s gradual retreat from the British high street

  • It’s not just Jason Arday, most of sociology is a scam

  • Hargreaves Lansdown orders staff back to office

More from Morning Wire

  • TfL greenlights Wayve’s autonomous vehicles in the City

    Tech
    Wayve autonomous vehicle navigating a busy London street with iconic cityscape in the background
  • Councils accused of turning e-bike operators into ‘revenue stream’ as fees surge

    Transport & Infrastructure
    Lime faces growing scrutiny over its safety record.
  • I’m 60, please don’t give me a Freedom Pass

    Opinion
    Close-up of a blue Oyster card against a white background, highlighting its role in public transportation payment systems.
  • Give London power to level up the rest of the country

    Opinion
    Business professionals in formal attire engaged in a lively discussion at a corporate meeting in a modern office setting.
  • No air conditioning on the Tube? Blame Sadiq Khan

    Opinion
    Crowded London Underground platform during summer heat wave, passengers fanning themselves to stay cool
  • Exclusive: Jobs lost across Labour’s ‘growth potential’ sectors in blow to Burnham

    Politics
    Jonathan Reynolds, Labour MP, in a suit and tie, holding a notebook, looking right, with a building behind him
  • City policy chair: Blocking skyscrapers is deeply disappointing

    Opinion
    Aerial view of western city cluster development in February 2026 showcasing modern skyline and urban expansion
  • Three ways Andy Burnham can avoid Keir Starmer’s mistakes

    Opinion
    Andy Burnham, Mayor of Greater Manchester, speaking at an event
MorningWire

Independent European business, markets and political news for decision-makers.

Morning Briefing

Europe

  • Germany
  • France
  • Europe
  • UK & Ireland

Business

  • Markets
  • Banking
  • Technology
  • Energy
  • Property
  • Fintech

Editorial

  • Opinion
  • Editorial Policy
  • Corrections
  • Contact

Company

  • About Morning Wire
  • Privacy Policy
  • Terms of Use
  • Cookie Policy
© 2026 Morning Wire Ltd · Published by Morning Wire Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
Privacy · Terms · Cookies · Facebook