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Why HS2 is FIVE TIMES over budget? 107 Bn Railway Scandal
(www.youtube.com)
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this post was submitted on 23 Oct 2023
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One word.
Tories.
That is all.
The HS2 company was set up under Labour. I watched a bit if the video, interesting content, though I found the presentation pretty insufferable
New Labour*. They dropped the New almost immediately and for a while recently it looked like they might drop it in spirit as well, but apparently not. Their current figurehead is a literal knight of the realm. Not necessarily a conflict of interest, but, well, have you seen him?
Anyway, the purpose of projects like HS2 is to get as much money out of the public purse and into the pockets of politician's pals as quickly as possible, Labour, Tory or otherwise. If something comes out of it that's actually useful at the end of it all, well, maybe it'll garner a few more votes in future? Who cares when you've got huge piles of money?
So, to summarise ’politicians, amirite?’
I suspect thing are a bit more complicated than that.
So tell me you don’t understand without saying you don’t understand.
The HS2 act, which effectively set the costs (known, unknown and unknowable) was passed by a Tory government desperate not to upset their financial backers in the Home Counties.
Hello up there on your high horse - I specifically said the HS 2 company.
Double down on your ignorance by all means. The company is a government owned entity that does as it’s told by the government, and is bound the act. It existed well before the budget was set and well before things like land compensation were agreed.
Just to be clear, you think it was a good idea to have it set up as a Ltd company funded by the government. OK