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Slashed travel times between northern cities will cheer commuters, as new transport body Transport for the North gives a boost to George Osborne’s Northern Powerhouse project. But how exactly will the new and improved transport system work? And how much time will you save? This handy map and the charts below show how much shorter [...]
Amid the deluge of news about EU reform and the Greek debt crisis, you could be forgiven for forgetting there’s a Budget today. But that would be to overlook an opportunity for the City. This is George Osborne’s first Budget since the Conservatives were elected to govern alone and we’ll get a clear sense of [...]
The High Speed 2 rail link connecting Birmingham to London is “cannibalising” the rest of the UK's transport budget, Jonathan Isaby, head of the TaxPayers' Alliance, has claimed. Read more: High Speed 2 to lose a link from North to Europe In a statement, Isaby said promises had been made “time and time again” [...]
The £50bn battle over HS2 has been won and work on the project will begin in two years, according to transport secretary Patrick McLoughlin. During a speech in Leeds, McLoughlin said the controversial high speed trainline will be built in full, as the government had received a “massive vote of confidence” when it won the [...]
A full employment and welfare benefits bill aiming to create 2m more jobs and 3m more apprenticeships An enterprise bill to cut red tape and help small and medium-sized businesses resolve late payment disputes A personal tax allowance bill raising the personal allowance to £12,500 and linking future increases to the minimum wage A finance bill [...]
Britain’s directors want the new high speed rail line to go to Scotland, as was originally planned. A Institute of Directors (IoD) spokesperson told City A.M. yesterday: “Our members across the country still feel that intercity connectivity and improvements to existing lines – including in Scotland – should be the priority.” The comments come after [...]
Japan’s super-fast magnetic levitation (maglev) train smashed the world speed record for a train today, clocking a huge 603kmph (377mph) in a test run. The train hovers four inches above the rails to decrease friction and increase speed, and was able to maintain that phenomenally high velocity for 11 seconds, beating the Chinese high speed [...]
John O’Connell, director of the TaxPayers’ Alliance, says Yes HS2 should be scrapped. It is based on a bad business case that unravelled as soon as it was presented, and the Lords report should be the final nail in its coffin. The initial business case assumed average passenger income of around £70,000. Were that to [...]
Another day, another government report on HS2 – and things aren't looking good for the embattled £50bn project. A report by a House of Lords committee published this morning says the cost per mile of the high-speed rail project, which is supposed to cut the journey time between London and Manchester by 45 minutes, will [...]
London’s population is at an all-time high. By 2020, we will have over 9m people living in our city; 10m by 2030. So it is essential that we plan for the growing needs of the capital. London needs a transport system fit for the 21st century. We need a thriving jobs market built on secure, [...]
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