New warning on soaring costs of HS2 Euston

The National Audit Office is warning that HS2 Ltd and the Department for Transport cannot complete the high speed train terminus at London Euston within the existing budget of ?2.6 billion, and that the estimated cost now stands at ?4.8 billion. A new NAO report is also warning that budget pressures have been worsened by inflationary pressures which are affecting the DfT’s capital programme, and that the department will need to manage this closely.