Wonks: Prioritise HS3 Over HS2

George Osborne is advocating a new high speed rail line (dubbed ‘HS3’) for the North of England, running from Liverpool to Hull. But it’s much more than another pressure tactic designed to trouble Number 10. The plan itself has some merit…

Everyone agrees infrastructure investment is badly needed if the ‘Northern Powerhouse’ regeneration is to succeed. At the high end, estimates for HS3 construction reach £7 billion, but this pales in comparison to the spiralling costs of HS2, projected at £56 billion (a figure which experience shows underestimates the likely final costs). The comparative benefits of HS3 are significant. The line would slash freight transport on crucial industrial routes by between as much as four and seven hours, and would cut a journey from Leeds to Manchester to just 30 minutes; HS2 saves time but not as much. Wonks at the Institute for Public Policy Research found that HS3 would boost economic growth and should be prioritised over HS2. Seems like they should build HS3 first…




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John Curtice on fiscal policy:

“Attitudes to taxation and spending are basically counter-cyclical. If a government comes in and tries to reduce spending and taxation, after a while people will get worried about the state of public services. If a government increases taxation and public spending, after a while they’ll get concerned about increasing taxation…. In as much as there are lots of ideologues out there who think the state should be this proportion of GDP, they’re all wrong. Because the public’s view is counter-cyclical to the recent experience. It’s basically impossible to satisfy the public.”

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