Saturday, 19 October 2013

HS2 to cost East Anglia at least £500m a year

A Report by KPMG, supplemented by some shrewd reporting by Mail journos, shows quite conclusively that the East Anglian region's economy will lose out to the tune of £500m a year from HS2. The headline losses are shown on the map below;



KPMG's published report omitted any figures for the losses, including only the value of the green gains for selected regions. Luckily FOI forced the firm to disclose the full report - including details of the areas that will lose out. Headline losses for Anglia's areas are;


Now I'm actually in two minds about this; the region's great charm comes from the fact that the Industrial Revolution that changed the face of so much of England passed the region by; it meant great poverty at the time, but has left a superb legacy of Tudor, Elizabethan and Georgian architecture intact in small market towns. Just perhaps they'll build all the bloody windmills in the 'green' areas of the top map and leave Anglia alone ...

3 comments:

Dave said...

It still doesn't address the ludicrous claims of the BENEFITS to the approriate local areas. How the hell do they imagine the scheme will boost the UKs economy by £15bn/year??? Creative accounting at it's very pinnacle of progress.

Blue Eyes said...

Yup, Suffolk feels like going back in time, in a good way. It's stupidly slow to get to the Suffolk coast from London, the broadband and phone signals are poor, but yet....

Maybe every great nation needs its backwaters?

G. Tingey said...

Utter, total lying tosh.

Try here, instead:
http://railwayeye.blogspot.co.uk/2013/10/hs2-and-regional-benefits.html

This is like saying that the railway to Norwich disbebefits Lowestoft, or that the M11 disbenefits Colchester ...
Get a grip, you lot!

Better, still read the late great Gerry Feinnes on how speed brings profits & benefits.