HS2 claims have ‘no substance’ - chamber

Derbyshire’s chamber of commerce has defended the Government’s HS2 project following concerns over spiralling costs.

Westminster’s financial watchdog, the all-party Public Accounts Committee, warned the Government has yet to present a “convincing case” for the project.

Some experts believe it could now cost £70 billion – about £30 billion more than Government estimates.

George Cowcher, Chief Executive of the chamber, said: “I don’t see how it can go from £40bn to £70bn in such a short period. There seems to be very little substance to many of these claims of rising costs and we need to be very clear about the veracity of the criticisms, many of which appear to be coming out of London.”