Limit HS2 speeds and move terminus to cut costs, say Lords

Report casts doubt on £56bn budget and says savings should be made to fund northern rail

The cost of HS2 should be slashed by limiting the speed of trains and making its London terminus Old Oak Common rather than Euston, according to a critical House of Lords report, which warns that better northern rail connections could be lost if the project blows its budget.

In a report that could stoke further doubts over high-speed rail after Conservative leadership candidates discussed axing the project, the Lords economic affairs committee said it was “far from convinced” that the £55.7bn price was credible, and the government should publish a new cost-benefit analysis.

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