HS2 row turns personal

The planned high speed rail project from London to the midlands and the north is starting to look very uncertain indeed.

After the news last week that the estimated costs have spiked by �10bn since the beginning of the year, we then revealed in the FT that the government’s cost/benefit analysis assumed that no one would work on a train, increasing the apparent benefit of getting to your destination more quickly. Another chunk was taken out of the expected returns.

Now it seems that, having proposed the scheme in the first place, Labour is also getting cold feet. Lord Mandelson, the former business secretary who does not usually have much truck for nimbyism, launched a bitter attack on the project in this morning’s FT. He writes:

Continue reading �

Source: http://blogs.ft.com/westminster/2013/07/hs2-row-turns-personal/

retirement calculator annuity calculator pensions advisory service can i retire pensions calculator