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Old 15-11-2011, 09:32   #7
Osem
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Re: job market to be slow & painful contraction

Quote:
Originally Posted by Chris View Post
Agreed ... And I think we may start to see some of that happening. HS2 is a good example which Labour initiated and the Coalition is committed to pursuing. Unfortunately Cameron is facing opposition from the vested interests on his back benches and Labour, which has now decided to put political expediency before something we all know it supports and is making mischief, publishing alternative route plans and stirring up the Nimbys.
I don't have a problem with building infrastructure to help stimulate the economy and jobs but, without wanting to drag this into a discussion on the merits or otherwise of HS2, I'd like to see some clearer information on how much this is going to benefit the economy as compared to the massive costs involved for what seem like relatively small reductions in travel time etc. If HS2 is going to take significant traffic, be it commercial or otherwise, off the roads it'll have to be priced quite keenly I'd have thought. Is that really likely or are we going to wind up with a state of the art, high speed, white elephant?
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