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| HS2: New government effort to boost case for scheme | HS2: New government effort to boost case for scheme |
| (about 7 hours later) | |
| The government is set to present fresh evidence to support the HS2 rail project. | The government is set to present fresh evidence to support the HS2 rail project. |
| Transport Secretary Patrick McLoughlin will highlight a report which says the UK economy will receive a £15bn annual boost from the rail line. | |
| The report also concludes that regions outside London will be the biggest beneficiaries of the new service. | The report also concludes that regions outside London will be the biggest beneficiaries of the new service. |
| His speech will counter harsh criticism of the project earlier this week by the Public Accounts Committee. | His speech will counter harsh criticism of the project earlier this week by the Public Accounts Committee. |
| In its review of the project the Committee said: "So far the Department (of Transport) has made decisions based on fragile numbers, out of date data and assumptions which do not reflect real life." | In its review of the project the Committee said: "So far the Department (of Transport) has made decisions based on fragile numbers, out of date data and assumptions which do not reflect real life." |
| The committee also said there was no evidence the line would help the growth of regional cities and would instead draw even more business to London. | The committee also said there was no evidence the line would help the growth of regional cities and would instead draw even more business to London. |
| The latest study has been conducted by the accountants KPMG and commissioned by HS2 Ltd, the company responsible for developing and promoting the project. | The latest study has been conducted by the accountants KPMG and commissioned by HS2 Ltd, the company responsible for developing and promoting the project. |
| It says Birmingham's economy could see a boost worth between 2.1% and 4.2% of the city's total economy. | It says Birmingham's economy could see a boost worth between 2.1% and 4.2% of the city's total economy. |
| For Manchester the benefit would be between 0.8% and 1.7%. | For Manchester the benefit would be between 0.8% and 1.7%. |
| For Leeds the boost would be 1.6% and London 0.5%. | For Leeds the boost would be 1.6% and London 0.5%. |
| In a speech later, Transport Secretary Patrick McLoughlin will say: "'High Speed Two will make Liverpool stronger. Manchester stronger. Leeds stronger. Britain stronger. | In a speech later, Transport Secretary Patrick McLoughlin will say: "'High Speed Two will make Liverpool stronger. Manchester stronger. Leeds stronger. Britain stronger. |
| "A £15bn annual boost to the economy. With the north and midlands gaining at least double the benefit of the south." | "A £15bn annual boost to the economy. With the north and midlands gaining at least double the benefit of the south." |
| Wednesday's report calculates the benefits of the project in a different way to previous efforts. | Wednesday's report calculates the benefits of the project in a different way to previous efforts. |
| Time saved is a less important part of the calculation - instead the report includes the benefits of extra seats, which means passengers will be able to work while travelling. | |
| It also takes into account the reduction in congestion elsewhere on the network. | It also takes into account the reduction in congestion elsewhere on the network. |
| In his speech Mr McLoughlin will say that "speed is not the main reason for building the railway". | In his speech Mr McLoughlin will say that "speed is not the main reason for building the railway". |
| "The point about High Speed Two is that you won't have to travel on it to gain from the better transport system and economic growth it will support." | "The point about High Speed Two is that you won't have to travel on it to gain from the better transport system and economic growth it will support." |
| The high-speed line would run between London and Birmingham from 2026 before being extended to Manchester and Leeds from 2033. | The high-speed line would run between London and Birmingham from 2026 before being extended to Manchester and Leeds from 2033. |