HS2 facing ‘tough decisions’ as inflation eats into budget, transport official warns MPs
By Daniel Gayne2023-01-24T12:11:00
Broader rail network enhancements pipeline could also see cuts, rail minister says.
Rapid inflation in the price of construction materials is putting a strain on Department for Transport capital spending and could necessitate “quite tough decisions” on the phasing and delivery of projects, including HS2.
The department’s permanent secretary, Bernadette Kelly, told the House of Commons transport select committee last week that ministers would be taking decisions “over the next few weeks” on how pressures across the capital portfolio are to be managed.