Report argues over 9000 jobs will be lost if HS2 is cancelled

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A report published by the High Speed Rail Industry Leaders Group finds the cancellation of HS2 could lead to the immediate loss of the 9,000 jobs currently working on the project plus a further 30,000 who are likely to be employed during the peak construction of the project. The report was produced as part of a submission to the forthcoming Comprehensive Spending Review and also argues the cancellation of HS2 would lead to development strategies and private sector investment in the Midlands and Northern England would “disintegrate”; that the potential economic stimulus HS2 could provide to the UK would be “lost”; and the increased use of rail to curtail short-haul domestic air travel “would vanish”.

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