Pay-offs from the ambitious plans might not be felt by the public for decades.
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Bell’s book points to public investment as the key to moving Britain on from its era of stagnation.
Rail has long been hailed as the cleanest means of public transport. HS2’s demise will undermine the UK’s ability to improve its rail infrastructure and potentially lead to greater inequality.
Infrastructure development in Northern England has been increasingly muddled in recent years. Few will be convinced by Sunak’s new pledge to fix this.
Economists do not have the analytical tools to properly measure the full value of a megaproject. Deciding on whether to pull the plug or not is always a political matter.
HS2 has been controversial from the outset, not least because experts don’t agree about its benefits. However, canceling the Leeds branch is to the region’s detriment.
For Yorkshire and the north-east of England, being connected to the high-speed rail network was an investment in the future.
The government’s plan to shake up the national rail system is ambitious. Whether it will be cheaper for the customer – and for the nation – remains to be seen
Top contributors
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Senior Lecturer in Urban and Regional Planning, University of Liverpool
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Research Associate in Public Policy, University of Liverpool
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Research Professor, University of Leeds
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Emeritus professor in transport and logistics, University of Huddersfield
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Senior Lecturer in Economics, Bournemouth University
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Honorary Research Fellow, City Political Economy Research Centre, City St George's, University of London
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Professor of New Infrastructure Development, University of Manchester