Question to the Department for Transport:
To ask the Secretary of State for Transport, what estimate he has made of the financial impact of cancelling HS2 Phase 2 on HS2 Phase 1.
The Department continues to work with HS2 Ltd and its supply chain to assess the implications of the cancellation of HS2 Phase 2 on the rest of the scheme. As set out in the Network North announcement, the decision to discontinue HS2 beyond Birmingham will free up £36 billion in savings. This is money that the Government plans to reinvest, in full, into projects which will benefit towns, cities and rural areas across the country.