The Government's high-speed rail plans could become a ‘white elephant’ with higher than expected costs and lower than expected benefits, a right-of-centre think-tank has claimed.
The Institute of Economic Affairs says the £32bn estimated cost (2009 prices) of the Y- network from London to Manchester and Leeds and connections to Heathrow and High Speed One is equivalent to £1,000 per UK income tax payer. “Most taxpayers will derive no benefit from the...
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