Gove suggests HS2 investment will be reviewed ahead of ‘painful’ autumn statement

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Michael Gove has suggested capital investment for HS2 will be reviewed as he warned the Government has to make “painful” decisions.

Ahead of their autumn budget, the Prime Minister and Chancellor Jeremy Hunt are said to be considering up to £50 billion of spending cuts and tax hikes to fill a gaping black hole in the nation’s finances.

Mr Gove said “I am sure everything will be reviewed” before adding “I do think HS2 is a significant investment…” “But I think long term capital investment in making sure this country is better connected is a good thing. “But when we face the particularly economic problems that we have at the moment, I’m sure that some capital spending will be cut.”

 

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London’s prime property market still reeling from mini-Budget\n\t\t\tKeep abreast of significant corporate, financial and political developments around the world.\n\t\t\tStay informed and spot emerging risks and opportunities with independent global reporting, expert\n\t\t\tcommentary and analysis you can trust.\n\t\t What a ridiculous headline. The mini-budget was not there long enough to have any impact at all.
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