High Speed Two: Finance

Department for Transport written question – answered at on 9 January 2023.

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Photo of Gavin Williamson Gavin Williamson Conservative, South Staffordshire

To ask the Secretary of State for Transport, when his Department plans to update the budget for HS2 to reflect the level of inflation since Q3 2019; and whether his Department plans to provide additional funding to reflect the level of inflation.

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 currently experiencing very high levels of inflation. Following the Autumn Statement we are working through how to manage the impact of inflation and will set out any changes in due course.

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