Chancellor Rachel Reeves emphasized in her Budget speech, "We are committing the funding required to begin tunnelling work to London Euston station. This will catalyse private investment into the local area, delivering jobs and growth." This shows the government's commitment to jumpstart the HS2 project amid previous funding concerns and the halt of major construction work introduced last March due to uncertainty in financial backing.
The Commons Public Accounts Committee raised questions about the feasibility of privately funding the HS2 extension, stating they were "highly sceptical" that the Department for Transport could attract the needed investment for success at the required speed. This highlights ongoing concerns about the project's funding strategy and timeline.
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