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The Markets
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The Markets
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Proactive UK has moved.
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Finance

HS2 savings of £8.3bn to go into holes in the ground

Forget an integrated high-speed train network for the Midlands and North of England.

And largely, prime minister Rishi Sunak's administration is doing that with the scrapping of the northern leg of HS2.

Now the PM is determined to funnel the savings into a hole in the ground - actually thousands of them. Potholes to be precise.

Sunak has earmarked a whopping £8.3 billion to make Britain's congested highways less of a challenge to the suspension.

This funding, announced last month as part of the reallocation from the partially scrapped HS2 rail project, will be distributed to local councils in England over the next 11 years for road maintenance.

However, councils estimate the actual cost of road repairs to be around £14 billion.

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