It comes after weeks of rumours.
line is set to be scrapped, it has been reported.
Rumours have been circling for weeks that the high-speed rail line was going to be axed by the Prime Minister due to soaring costs. Chancellor Jeremy Hunt previously suggested the scheme is ‘out of control’, and former transport secretaryBut the possible scrapping has drawn criticism from former prime ministers David Cameron and Boris Johnson, mayors of London and Greater Manchester, Sadiq Khan and Andy Burnham, and some business leaders.
A budget of £55.7 billion for the whole of HS2 was set in 2015, but some reports suggest costs have now surpassed £100 billion, having been driven up by recent inflation rises. A budget of £55.7 billion for the whole of HS2 was set in 2015, but some reports suggest costs have now surpassed £100 billion, having been driven up by recent inflation rises.
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