TIME FOR A NEW APPROACH

INSIDE TRACK

The cancellation of the northern leg of HS2 may mark a sea change in English transport policy. At last the government has said ‘no’ to the subsidy junkie railway network, bloated over many years of rail franchising. How has an industry with a largely fixed cost base, which has doubled passenger numbers over 20 years, managed to increase its requirement for subsidy significantly? HS2 has not the faintest idea of cost control.

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