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HS2 to boost economy by 25p% more than £15bn estimate
Director of Network Rail Bridget Rosewell told the Tory Conference yesterday that KPMG’s estimate for HS2’s contribution to the economy does no account for current productivity.
“The estimates that we’ve got are all about productivity benefits. But they are just about shifting things from one place to another. They’re not about creating anything new. If we take the KPMG £15bn, my guess is that we can add at least 25% to that on how market access creates new growth that we haven’t thought about,” she said.
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Highlights: David Cameron’s speech at Tory Party Conference
David Cameron began his keynote speech at the Tory conference today by branding Britain as a “land of opportunity”. He went on to say, “we know that profit, wealth creation, tax cuts, enterprise… are not dirty, elitist words.”
Cameron said that if “taxes are higher here than elsewhere” global companies won’t set up in the UK. “And if they don’t come here, we don’t get those jobs.”
He also said that Conservatives are “about big people, strong communities, responsible businesses, a bigger society – not a bigger state”.
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