The UK Government, under Prime Minister Rishi Sunak, is reportedly considering allocating £1 billion of taxpayer funds to complete the final section of the HS2 tunnel to Euston, despite previous commitments to secure private financing and invest HS2 savings across the country. This development raises questions about the funding sources and overall cost of the project, as highlighted by critics including politicians and the Mayor of London, who has expressed support for the government's potential financial intervention.
Sadiq Khan has welcomed reports that the Government is expected to release over £1bn of taxpayer funds to pay for the HS2 tunnel to Euston. https://t.co/39wVfmWTMg
Mayor welcomes reports Government could pay for £1bn Euston HS2 tunnel https://t.co/uKI0NQw05v
HS2 tunnel held up by question marks over £1bn of funding https://t.co/D6GCXVtPmv
The Government is reportedly considering stumping up £1bn for the final section of the HS2 tunnel under London despite pledging to find private investors to fund the project @eleanormia reports 🔗 https://t.co/RXwtfGXE3C https://t.co/C3uZ0Zc49L
.@RishiSunak promised that Euston would be privately financed & HS2 savings would be invested across the country. Now we know it’s costing the taxpayer another £1bn. He needs to come clean - where is the money coming from & how much more will it cost? https://t.co/iUwvavxxXN