Can't help thinking it's a monumental waste of money.
The economic benefit ratio must be weighed against the economic cost of that deferred taxation. That's once the optimistic assumptions have been adjusted, such as the demand for it, the assumption that time spent on trains is wasted, etc. Then this must be compared to the benefit of spending that £17bn on tax cuts.
Those jobs it will create? What about the jobs it will cost because the government has to (at some point) tax us all for an extra £17bn? As for bringing Britain into the 21st century, investing in our future, those are the kinds of vacuous truisms any dubious project can claim it will achieve.
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