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Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.

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transport secretary

  • Exclusive: Taxpayers to front extra £4bn for recent HS2 delays

    Transport and infrastructure

    Recent delays to HS2 have increased costs for taxpayers by up to nearly £4bn, according to a government document detailing the value of mega-projects in the UK. The Office for Value for Money, a cost-saving unit set up by Rachel Reeves, found deferrals over the last two years would increase costs on Phase 1 from [...]

    Recent delays to HS2 will cost the taxpayer an extra £4bn, according to a government review into major infrastructure projects. 
  • HS2 faces two more years of delay amid ‘litany of failures’

    Transport and infrastructure

    Ministers will delay HS2 by at least another two years and outline a “litany of failures” which have led to costs on the project spiralling out of control, in the latest storm facing Britain’s biggest infrastructure project. Transport secretary Heidi Alexander will present the findings of two scathing reports into the project on Wednesday afternoon, [...]

    Recent delays to HS2 will cost the taxpayer an extra £4bn, according to a government review into major infrastructure projects. 
  • Eurostar to launch direct services from London to Frankfurt and Geneva

    Transport and infrastructure

    Eurostar has announced plans to launch direct services from London to Germany and Switzerland for the first time. The cross-channel operator is looking to purchase 50 new trains at a cost of £1.7bn to service the routes, which are expected to run from the “early 2030s”. Journey times are expected to last around five hours [...]

    Eurostar has unveiled plans to launch two new services from London.
  • Heathrow’s story goes up in flames

    May 28, 2025

    Every weekday morning I’m up and ready to receive an important email that comes in at 6.30am. The email is sent by the producer of Nick Ferrari’s breakfast show on LBC, and it contains an initial plan for the stories that I’ll discuss with Nick on air exactly an hour later. It’s a slick routine [...]

  • ‘A failed operator’: CrossCountry repeatedly missed own performance targets despite cutting services

    March 28, 2025

    Struggling rail operator CrossCountry has repeatedly breached its own performance targets despite cutting services late last year as part of a recovery plan, City AM understands. The former Transport Secretary, Louise Haigh, approved proposals by the operator to run a reduced timetable for three months between August and November after its performance was labelled “dire.” [...]

  • Government approves Lower Thames Crossing

    March 25, 2025

    Ministers have given the go-ahead to the £10bn Lower Thames Crossing road tunnel, one of the most expensive infrastructure projects in UK history. Transport Secretary Heidi Alexander approved the development consent order (DCO) for the scheme on Tuesday. It will be funded primarily by the private sector, according to the Financial Times, confirming speculation after [...]

  • HS2 chair to step down as cost swells to £66bn

    December 17, 2024

    The chair of the company behind High Speed Two (HS2) is to stop down next year, it has been announced. Sir Jon Thompson has served on the board of HS2 Ltd for almost four years after first joining as a non-executive director in April 2021. He was appointed as the company’s chair in February 2023 [...]

  • Louise Haigh quits as transport secretary after admitting to fraud conviction

    November 29, 2024

    Louise Haigh has resigned as transport secretary after admitting pleading guilty to a criminal offence tied to her incorrectly telling police that a work mobile phone was stolen in 2013. Downing Street said Swindon South MP Heidi Alexander had been appointed to replace her. Haigh said in a letter to prime minister Keir Starmer on [...]

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