HS2 should be scrapped before budget soars to £80bn, warns thinktank

The Guardian reports on IEA research

The HS2 high-speed rail project could nearly double in cost to £80bn and should be dropped, a report has warned.

The Institute for Economic Affairs (IEA), a free-market thinktank, said that the proposed north-south rail link defied economic logic, adding to growing doubts about the scheme's viability.

The credibility of HS2 was undermined in June when the government revealed that its price tag had risen by £10bn, or 30%, to £42.6bn.

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