1. Chat

H2S Rail Project £106 Billion

In the News

The HS2 rail link is probably going to get thr go ahead today and will employ around 50,000 people but is the £106 Billion costs worth it.

Bossclaz
over a year ago
What do you think of this?+20 points
Advertisement
AliceBell64468

To be honest I think the amount it is costing is ridiculous, I bet by the time it’s finished it would have cost £250 billion with the way the costs keep going up and up! And you wonder how many people will actually use it because they will probably end up charging really expensive fares!

Like
1
BonzoBanana

At the beginning of last year we had public sector debts of 1.8 trillion and currently for every income tax payer £2,000 of their tax approximately per year is used to pay just the interest of that debt, i.e. we pay about £60 billion a year in interest on that debt. We have left the EU with a huge reduction in industry and a huge level of debt, much of our assets and industry is foreign owned and we need to make the UK more competitive for exports and stop importing so much its madness to borrow more for such a project especially as much of the money will be going to foreign companies. I can't get my head around the stupidity of this. They will have to borrow even more to pay for it, it makes no sense at all. The chances of this bringing a net return to the exchequer over the long term is zero especially with all the added interest of borrowing all this money. We need a people's vote for this and I'm pretty sure 99% of people would vote against it when they realise the cost per person.

I'm all for infrastructure investments but those that work towards reversing our trading deficit not stupid projects like this. This will benefit very few but cost everyone a huge amount. If it did overshoot its costs to lets say £150 billion that's £5,000 of taxes for every income tax payer for the project before you add the ongoing interest for that debt. That's £5,000 that can't be spent on the NHS, Police etc unless they borrow even more. Lunacy in my opinion.

Like
2
Commenting closed
One of the UK's largest deal hunting communities

Join for free to get genuine deals, money saving advice and help from our friendly community

Tom Church
Co-Founder &
Chief Bargain Hunter
Tom Church, Co-Founder
Want deals & discounts automatically?
+100 bonus points!
Latest Deals Browser Extension
Latest Deals Mobile App
  • Download our app
  • 1,000+ new deals every day
  • Earn free Amazon vouchers
  • Daily deal alerts - never miss the best offers!
  • Download the Latest Deals iOS AppDownload the Latest Deals Android App
Latest Deals
Disclaimer

The content on Latest Deals is a combination of information submitted by members of the public and the Latest Deals team. Whilst we make every effort to try and ensure genuine, accurate content we cannot guarantee it. Please always carry out your own due diligence and double check the details of an offer on the retailer's own website.

How this site works
  • To cover the site's running costs, Latest Deals uses affiliate links.
  • If you click on a link to an external website and make a purchase, Latest Deals may earn a commission.
  • We allow deals to be shared on Latest Deals irrelevant of whether or not they generate us money. Our #1 concern is helping you save money.
  • If you have any questions about how the site works, drop us a message. We're always happy to help.
Copyright © 2024 Latest Deals Limited
Registered in England and Wales. Company number 10286141. WeWork 6th Floor, International House, 1 St Katherine's Way, E1W 1UN
We value your privacy

We use cookies to help give you the best experience on our website with improved customisation, analytics & advertising (inc. personalisation). You can read our full cookie policy. Please either , or .