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Search by region: East Midlands. East of England. Northern Ireland. West Midlands. Events: Performing Arts. Photo Shoot. Product Launch. Fashion Show. Promotional Event. Pop Up Event. Press Conference. Xmas Party. The multi-billion high-speed rail link project is an 'expensive white elephant' and should be scrapped, an alliance of business leaders, politicians and economists said today.
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The alliance, which includes Lord Wolfson, the chief executive of Next and the Tories' competitiveness adviser and Lord Lawson, a former chancellor, wrote: 'An extremely expensive white elephant isn't what the economy needs. The government-planned scheme, known as HS2, will see a new mph train line connect London and Birmingham and eventually reach to Leeds and Manchester and Glasgow.
The group of chief executives, top economists and senior Conservatives said a fast and frequent service to Birmingham and Manchester already existed with trains running at up to mph. They added: "There are better options to increase capacity more affordably and reduce overcrowding more quickly than HS2, which will take decades to complete. Responding to the letter, Transport Secretary Philip Hammond said: 'I understand that this is a controversial project, particularly for many of those who live along the line of the route, but the Government's job is to balance local objections against the national interest.
We believe that the best way to create jobs and growth is to invest in Britain's future.
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That is why so many British businesses have already given our high speed rail HSR plans their overwhelming backing. The route of the proposed high-speed rail link between London and Birmingham. He went on: 'HSR is a once-in-a-generation opportunity to transform the way we travel in the 21st century and would help build a modern economy, fit for the future. Britain cannot afford to be left behind. We need to invest in new lines and new trains.
Sticking our heads in the sand, as these people seem to wish, is simply not an option. The views expressed in the contents above are those of our users and do not necessarily reflect the views of MailOnline. Share this article Share. Share or comment on this article: High-speed rail link will be 'white elephant', business leaders warn. Most watched News videos Passengers pray and chug whiskey after plane engine fails Metro passenger distracted by phone falls onto tracks in Madrid Young boy taunts a snake and gets his lip bitten by it in Indonesia Deaf girl cries after hearing her parents' voices for the first time Driver saves family crossing road after red-light runner almost hits them Aggression at Uluru 'line cutters' during final days of climbing Bodycam shows police save a choking 1-year-old boy's life Brexiteer attacks Caroline Voaden for calling for a People's Vote Porsche speeding at mph which led to death of pregnant teacher The Duke and Duchess of Sussex meet with One Young World delegates 'Thanks for letting him gatecrash': Meghan jokes about Harry at event Fresno police officer fatally shoots fleeing teen in the back.
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Comments 76 Share what you think. Seven venues, including the 12,seat basketball arena, are temporary, while the rest already existed.
Local football club West Ham United is the favorite, but that bid carries conditions related to ensuring the stadium, which must retain its athletics running track, works well for football with seating of 60, The stadium has drawn interest from football, cricket and rugby teams and even Formula One racing, but there is still no contract signed to ensure its future.
Olympics history is littered with cautionary tales of host cities vying to build bigger and better venues as budgets spiral.
idramopno.tk Almost all are now derelict and graffiti-covered after repeated failures to lease them out. Beijing, which hosted a spectacular summer Olympics opening ceremony in , has struggled to find tenants or generate revenue from most of the 32 Olympic venues in Beijing, 12 of which it built for the Games. While construction costs for temporary venues are broadly similar to permanent ones, there are no expensive longer-term maintenance costs, said project manager Duncan Firth of Deloitte, which advised the London organizers.