UK Reviews HS2 Amid Cost Overrun Concerns

The UK government is launching an independent review of the HS2 high-speed rail project amid concerns of a potential £10-20 billion cost overrun. Transport Secretary Louise Haigh criticized the project's management as 'dire,' with warnings that the total cost could exceed £65 billion. Ministerial oversight has been reinstated with regular meetings to ensure accountability, while contractor incentives are under review. Although Phase 2 extending to Manchester and Leeds will not be revived, there is speculation about extending the line to Euston in London. The review, led by former infrastructure expert James Stewart, aims to provide recommendations by winter to mitigate overspending and improve project delivery. This move reflects the government's commitment to controlling taxpayer expenses and preventing future mismanagement.