Skip to content
Sunday 9 August 2026London --:--Frankfurt --:--Zurich --:--
NewslettersSearchEN · DE
MorningWire

European business, markets and politics

FTSE 100
10,901.09
+0.31%
DAX
26,319.45
+0.69%
CAC 40
8,714.93
+0.17%
STOXX 50
6,523.86
+0.33%
  • Europe
  • Markets
  • Business
  • Economy
  • Technology
  • Politics
  • Opinion
More
GermanyFranceBankingAIEnergyFintechPropertyCapital Markets
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Economy
  • Technology
  • Politics
  • Opinion
  • DE
Thursday 17 October 2024 9:41 am  |  Updated:  Thursday 17 October 2024 11:01 am

HS2 back on track: Troubled line will run from London Euston after all

By: Saskia Koopman

Tech Reporter

Add as a preferred source on Google
Tunnelling for the Euston link finally kicks off this week.
Major construction projects like HS2 are engulfed in red tape

The government is reportedly planning to reverse its decision to scrap the northern leg of HS2, extending the high-speed rail line from London Euston to Crewe.

Having originally planned for the project to cost £37.5bn in 2009, the government’s latest estimation in Febuary this year ballooned to anywhere between £72bn and £98bn.

Private talks involving Labour leader Keir Starmer at last month’s Labour party conference have sparked speculation that an official announcement could come in the new year, LBC first reported.

This follows former prime minister Rishi Sunak’s prior cancellation of the phase 2a section to curb costs.

However, pressure to revise the project has grown amid concerns over long-term infrastructure investment.

John O’Connell, chief executive of the Taxpayers’ Alliance, criticised the potential reversal, saying the decision “would only further derail the public finances, all for the sake of a massive white elephant that taxpayers simply can’t afford.”

O’Connell added that HS2′s financial case “has long since been torn to shreds by uncontrollable costs, changes to rail usage, and the much greater need for investment in alternative projects”.

Read more

Andy Burnham should show London he cares by funding this one transport project

Andy Burnham, Mayor of Greater Manchester, standing outside 10 Downing Street in a suit and tie.

He urged Labour to reconsider, suggesting that scrapping HS2 completely would help address the budget deficit.

Yet, the government had been warned by John Dickie, chief executive of BusinessLDN, that there will ‘never be a cheaper time’ to build the costly tunnel.

The HS2 project has been a point of controversy due to its soaring costs and shifting priorities in the UK’s transport needs, exacerbated by changing work and travel patterns post-pandemic.

Transport secretary Lousie Haigh had promised that £8.3bn of scrapped HS2 funding would be targeted to fixing a million potholes annually during her pre-election campaign.

The reversal of phase 2a would further increase the financial burden on taxpayers at a time when public spending is under scrutiny.

A spokesperson from the secretary of state for transport’s team, said: “We have always said we won’t be taking plans for HS2 phase 2 back off the shelf after the Conservatives took a wrecking ball to the project and allowed costs to spiral completely out of control”.

They insisted that there is no planned announcement on the HS2 line from Birmingham to Crewe, pointing to the King’s speech as a clear indication that they would not reverse the decision on phase 2 of HS2.

Read more

‘Social value’ procurement rules are an absurd waste of time and money

Tunnelling for the Euston link finally kicks off this week.

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Business
  • Transport & Infrastructure

People & Organisations

  • DfT
  • HS2
  • Keir Starmer
  • rail
  • Transport

Trending Articles

  • Why the Loire Valley is about so much more than fairytale castles

  • Why HMRC is huge Premier League transfer window tax headache

  • Thames Water faces fresh threat to survival after pensions regulation breach

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

  • Thunder Call set to Strike in Shergar Cup Sprint

More from Morning Wire

  • Andy Burnham should show London he cares by funding this one transport project

    Opinion
    Andy Burnham, Mayor of Greater Manchester, standing outside 10 Downing Street in a suit and tie.
  • ‘Social value’ procurement rules are an absurd waste of time and money

    Economics
    Tunnelling for the Euston link finally kicks off this week.
  • ‘Too much tax, too much regulation’: Fintech chief sounds alarm on UK economy and IPO market

    Fintech
    CEO Paul Taylor in a business meeting setting, discussing strategic company growth plans, wearing a suit and tie.
  • Andy Burnham must shake Britain out of ‘analysis paralysis’ and get building

    Opinion
    Andy Burnham speaking at a public event, addressing the audience with a focused expression, highlighting his leadership role.
  • Top investors managing $3tn to gain access to UK infrastructure projects via AI platform

    Investing
    INPP have invested in four new infrastructure firms in the first half of this year
  • OECD sounds alarm on pension triple lock in challenge to Burnham

    Economics
    Andy Burnham discussing AI advancements at a business conference podium with delegates in the background
  • Andy Burnham is on course to rack up the second highest debt interest bill on record

    Opinion
    UK National Debt Clock showing £3 trillion, with Big Ben and the Union Jack in the background.
  • Sadiq Khan’s London plan is not nearly ambitious enough

    Opinion
    The Mayor of London, Sir Sadiq Khan, has this morning announced a £1.4m cash injection for community sport across the capital.
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