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HS2 business is full of dubious calculations

Paul Withrington Director Transport-Watch Northampton NN2
12 May 2017
 

 DfT has given obscure reasons for not publishing the rail industry’s Initial Industry Advice for England and Wales (‘DfT refuses to release rail industry’s advice on spending’ LTT 28 Apr). But it’s perhaps a good thing, because it delays the shock of finding the answer. 

After all, Network Rail’s regulatory accounts for 2015/16 show expenditure of £10.8bn (including £1.4bn finance costs) and income, excluding grant, of a magnificent...

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