Jim Pickard @PickardJE Chief Political Correspondent, Financial Times Jul. 19, 2019 1 min read

Exclusive @FT

The cost of Britain’s new HS2 high-speed railway line is to spiral by as much as £30bn, according to an internal review by the project’s new chairman.

@gillplimmer1
@PickardJE

 https://www.ft.com/content/27ab2f5c-a976-11e9-984c-fac8325aaa04 

Not £300m over budget

Not £3bn over budget

BETWEEN FOURTEEN AND THIRTY BILLION POUNDS

In 2013 the HS2 price tag was £32bn

Current cost envelope is £56bn

New internal estimate £70-85bn

Boris Johnson has faced both ways on HS2, depending on his audience....soon he’s going to have to decide whether he wants it or not

Our analysis

 https://www.ft.com/content/5482977a-aa36-11e9-b6ee-3cdf3174eb89 

And here’s the news story on the front of tomorrow’s @FT

the BBC has followed up the scoop, good analysis here by @TomBurridgebbc

 https://www.bbc.co.uk/news/business-49048823 

And here is the Guardian

 https://www.theguardian.com/uk-news/2019/jul/20/hs2-could-go-30bn-over-budget 


You can follow @PickardJE.



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