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© 2024 a Reach plc subsidiary
High Speed 2
12:30, 10 JAN 2024
HS2 chief admits project could cost up to £66.6bn
West Midlands
Executive chairman Sir Jon Thompson said reasons for the cost increase included original budgets being too low and poor delivery
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Swansea Bay Metro project will not happen unless rail is devolved says its architect
Swansea Bay City Region
Prof Mark Barry said the Swansea Bay Metro scheme has a strong business and investment case, but fears the UK Government will not fund it
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West Midlands business review of 2023 - part four: HS2 downsized, Mailbox on sale and new future for Birmingham Wheels
West Midlands
Our West Midlands Review of the Year draws to a close with the final three months of 2023, featuring the controversial decision to scrap part of HS2, Birmingham's Mailbox complex going on sale and a new chapter for a famous racing park
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West Midlands business review of 2023 - part three: HS2 car park, Christmas Market continues and Tom Brady invests in the Blues
West Midlands
Our West Midlands Review of the Year goes into the summer with news that it was all change for a planned car park at the HS2 Interchange station in Solihull, the Frankfurt Christmas Market is here for another five years and an NFL star invested in Birmingham City
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North West business interviews of the year - from entrepreneurs to politicians and former football stars
North West
We met Jeremy Hunt, Gary Neville, Booking.com's boss and many more
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The year in North East business 2023: the 10 biggest stories
North East
We kick off our end of year round-up with a selection of the 10 biggest stories for the North East business scene this year
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Works milestone reached at new HS2 depot
West Midlands
More than 35 million cubic feet of earth has been excavated at site in Birmingham
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Hitachi slashes value of Durham factory amid crisis in rail industry
Transport
The firm said a £64m write-down in the value of its factory at Newton Aycliffe did not mean there would be a "cessation" at the planst
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Solihull's Urban Growth Company to close down
West Midlands
Special-purpose vehicle set up to maximise benefits of HS2 to brought under the control of the local council
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Chancellor Jeremy Hunt says Government still taking 'big decisions' as he talks inflation, HS2, and Britain's science superpowers
Jeremy Hunt
Exclusive: BusinessLive meets Chancellor as he sets off a lightning bolt in Manchester
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Tender launches for HS2 people mover
West Midlands
Hunt is on for a contractor to carry out enabling works on new automated transit system to connect high-speed rail line with NEC and airport
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Mayors set up group to explore better rail links
Transport
Andy Street and Andy Burnham are working with private sector partners to explore ways to improve links between the West Midlands and North following decision to scrap parts of HS2
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Government pledges almost £4bn to improve rail links in northern England
Transport
Plan to improve Transpennine route between Manchester, Huddersfield, Leeds, and York
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Autumn Statement: East Midlands Investment Zone could bring £383m in private investment and create 4,200 jobs
The Budget
Rolls Royce and Laing O’Rourke to anchor employment zone focussing on green tech and advanced manufacturing
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Government urged to fund new Elizabeth line trains in bid to save 100s of Alstom jobs
Employment
Alstom is consulting on potential redundancies at the UK’s largest rail assembly factory in Derby
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Devon County Council receives highways funding boost
Transport
The South West council has welcomed the Government's announcement of an £8.3bn investment for road maintenance over the next 11 years
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Union leaders call for joint task force to protect 100s of jobs at Derby Alstom rail plant
Engineering
550 workers are at risk at the Alstom train manufacturing site in Derby, along with 780 contractors
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HS2 reveals new designs for Birmingham viaduct
West Midlands
New viaduct in city's Saltley district will take traffic and people over the forthcoming high-speed rail line
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Labour conference: Party bidding to be party of 'all businesses' as Conservatives struggle in the polls
Labour Party
Opposition attracting businesses large and small to its Liverpool showcase
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Transport projects supported by PM as HS2 axed north of Birmingham
Transport
Proposed schemes include Leeds trams, rail electrification in Yorkshire and pothole repairs nationwide
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Forget levelling up – Rishi Sunak has ‘levelled down’ the East Midlands by scrapping HS2
High Speed 2
Chamber boss says ‘latest embarrassing U-turn is another nail in the coffin for the Government’s levelling up mantra’
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Business leaders react to HS2's northern leg being scrapped by Prime Minister Rishi Sunak
North West
The Prime Minister told his party's conference the HS2 project's costs had 'more than doubled'
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Prime Minister Rishi Sunak prepares to scrap HS2's northern leg
North West
Several notable organisations – including Manchester Airports Group (MAG), the University of Manchester and Co-operatives UK – signed a joint letter warning the Prime Minister he was risking the 'prosperity' of the North
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HS2's northern leg scrapped by Prime Minister Rishi Sunak: Updates and reaction
High Speed 2
Decision made after costs spiralled on high speed rail line from Euston via Old Oak Common
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