Category : HS2
We all want evidence based policy and decisions. However, deciding what constitutes evidence and what standard of proof is required is another matter. And of course this is especially challenging when we need to explore what will happen, rather than what has happened. Will this policy work? Will this investment pay back? It’s not clear…
The National Infrastructure Commission launched its third report on 15th March looking t the connectivity needs of the Northern Powerhouse. Recommendations include improving the key rail link between Manchester and Leeds which is at the heart of the East West link, focusing HS2 on linkages which generate economic growth, and accelerating investment in smart motorway…
At the Treasury Select Committee, in relation to HS2, Professor Graham said that it was important that we get these numbers right and in a scientifically rigorous way. Both he and Professor Overman attacked the work published by KPMG as not only insufficiently rigorous, but also on the grounds that the results are too optimistic….
High Speed Rail has no shortage of enemies. It is challenged for having rising costs, too few benefits and for being the plaything of vested interests, such as local authorities and rail companies. These are often cheap shots, based on what sometimes appears to be a wilful misunderstanding of what HS2 is actually about, though…
Henry Overman, in the most recent issue of Centre Piece, the journal of the Centre for Economic Performance, concludes that he is sceptical of the benefits of the proposed High Speed line, because the opportunity cost is high. He wonders whether this is the best way to spend government money and if there are more…
Justine Greening has announced this week that HS2 will go ahead – which is enormously welcome. It is still surprising how many people have fallen for the proposition that is will be an expensive white elephant. Even the leader writers of the Financial Times have been captured by the Nimbys and the naysayers. The fact…