CBI responds to decision to cancel northern leg of HS2

Rain Newton-Smith, CBI Chief Executive, said:  

“The UK has incredible strengths as a destination for investment. When global boardrooms weigh up investment opportunities, the UK was always seen as a safe harbour due to our reputation for reliability. But the decision to cancel the rest of the HS2 project sends a damaging signal about the UK’s status as global destination for investment. 

“Businesses and investors in the Midlands and the North have spent the last decade planning for the delivery of HS2. The commitment to invest in a new Network North programme of transport projects promises much needed investment to the region.  But a 'start from scratch' approach risks leaving those businesses in a holding pattern of poor connectivity and low productivity whilst those projects are scoped, prepped and finally delivered.”