HS3 verdict: What the experts say HS3 is a Leeds to Manchester rail link that Chancellor George Osborne says will link northern cities and create an economic powerhouse to rival London. KPMG’s Richard Threlfall thinks HS3 could rebalance UK economy. The partner and UK head of infrastructure, building and construction at KPMG, has welcomed the scheme and compares it to the build of the M25 and the Channel Tunnel. He said: HS3 has the potential to spread our economic wealth across the country and can be compared to bold and visionary schemes such as the M25 and the Channel Tunnel. Yesterday’s announcement recognises that a massive intervention by government is needed to reverse the drain of the UK’s economy from the north to the south. Over the last 10 years, according to ONS data, the north’s share of the UK’s economic output has fallen by more than five per cent. This trend will continue unless we strive to share our country’s economic success beyond the south east. HS3 recognises the dismal state of links between the UK’s northern cities today. It takes about the same time to reach Liverpool from Leeds as it does to get to London from Leeds, even though it is less than [...] manchesterinnews/hs3-verdict-what-the-experts-say/
Posted on: Sun, 26 Oct 2014 16:02:43 +0000
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