£15bn a year claim for HS2 is not credible

The Daily Mail quotes the IEA on HS2

Ministers hired accountants to ‘dress up’ figures that would show the HS2 rail project providing a £15billion a year economic boost, it was claimed yesterday.

Transport Secretary Patrick McLoughlin commissioned a report by KPMG which said the £43billion scheme would rapidly ‘pay for itself’.

But critics of the plan said the 92-page document was a ‘paid-for analysis that gives the “right answer”.

The Institute of Economic Affairs called the project ‘a high speed gravy train’, branding the accountants’ analysis ‘one-sided and unconvincing’.

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