High Speed Spinning

There are a lot of number floating around today regarding HS2. Tory spinners proudly say that the project will create 40,000 jobs. Given the woefully underestimated price tag is currently at £32 billion, it seems that the Tories have no problem with the taxpayer paying a cool £800,000 for each job. Given that the final cost is likely to be closer to £60 billion, the “expected” generation of £45 billion in “cash benefits for businesses around the country” looks equally shaky.

Add to that the extra half a billion for the new tunnel to avoid upsetting the NIMBYs, as well as helpfully staving off a rebellion in Parliament, and you have political spending of Brownite proportions. 




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Quote of the Day

Stella Creasy at Jewish Labour fringe event…

“I was going to say something about how good it is being a Jew in the Labour party at the moment… but someone told me you guys don’t get irony.”

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