High Speed 2 Line: Finance

Department for Transport written question – answered at on 14 December 2022.

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Photo of Gavin Williamson Gavin Williamson Conservative, South Staffordshire

To ask the Secretary of State for Transport, what assessment his department has made of the impact of inflation on the cost of HS2; and whether his Department plans to update the financial modelling.

Photo of Huw Merriman Huw Merriman Minister of State (Department for Transport)

Along with the rest of the construction sector and wider economy, HS2 is experiencing higher levels of inflation. This is creating pressures against HS2’s existing annual funding settlements, which we are working through following the Autumn Statement. The most recent position on HS2 was reported in the six monthly update to Parliament in October.

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