High Speed Two: Finance

(asked on 20th December 2022) - View Source

Question to the Department for Transport:

To ask the Secretary of State for Transport, when his Department plans to update the budget for HS2 to reflect the level of inflation since Q3 2019; and whether his Department plans to provide additional funding to reflect the level of inflation.


Answered by
Huw Merriman Portrait
Huw Merriman
Minister of State (Department for Transport)
This question was answered on 9th January 2023

Along with the rest of the construction sector and wider economy, HS2 is currently experiencing very high levels of inflation. Following the Autumn Statement we are working through how to manage the impact of inflation and will set out any changes in due course.

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