New HSR report from Greengauge 21
Report highlights high speed rail benefits
A high-speed rail (HSR) network would boost UK annual economic output by between £17bn and £29bn by 2040, according to a lobby group.
The study, High-Speed Rail in Britain: Consequences for Employment and Economic Growth undertaken by management consultancy KPMG on behalf of Greengauge 21, estimates that a national HSR network could contribute between 25,000 and 42,000 additional jobs in Britain.
It says HSR could help to spread prosperity outside the most productive areas of the South East and London and could contribute to closing the north-south divide.
Greengauge 21 partner, Lewis Atter, said: “Evidence on the importance of rail to the economy and thus exchequer revenues is scarce. Our work for Greengauge is an attempt to put that right.
“Using evidence on how rail connectivity and economic performance are linked today, we have asked what high-speed rail (HSR) could do in the future.
“This is a new way of thinking about the economic returns to transport investment, focused on its impact on the supply side of the economy. The questions it poses about the long term returns to different kinds of investment will become increasingly important as the country faces up to the decisions necessary to reduce the deficit whilst also promoting longer term growth.”
High Speed Rail in Britain: Consequences for Employment and Economic Growth
http://www.greengauge21.net/assets/uploads/research-reports_7_2422186523.pdf
Recent Comments