People will pay more to fly faster and it will massively aid transatlantic business, soon there will be countless supersonic passenger aircraft filling the skies.
“Can’t see any? Me neither!”
Amazingly two decades earlier the same arguments used to convince us of the need for Concorde, had been used in support of the Bristol Brabazon project, another costly white elephant yet we managed to make the same mistake again.
We all have our favourite list of failed projects, history is full of them both local and national. During Harold Wilson’s time politicians were persuaded to believe that the Humber Bridge would pay for itself in no time at all. Linking Hull with Scunthorpe and Grimsby, it would be completed for just £180 million, a bargain said the ‘experts’, when do we start?
Construction actually started on 27 July 1972 and finally opened to traffic on 24 June 1981, but it eventually cost £800 Million, over 4 times the estimate!
In fact the spectacular looking bridge never did actually pay for itself and Chancellor Osborne eventually agreed to reduce the debt on the bridge almost 40 years later by £150 million in his 2011 Autumn statement, so that tolls could be halved.
Britain is unfortunately just too good at producing spectacular failures, so we should be very cautious before allowing politicians unfettered access to our taxes. HS2 will cost the nation more than the Cambridgeshire Guided Busway, SS Great Eastern, Millennium Dome, Duddeston Viaduct and all the other White Elephants we have produced in Britain added together.
The facts speak for themselves and they present a real and present danger to the nation’s finances, not now but for decades ahead. Look at the evidence… we know that ministers can’t even handle their own expenses without making mistakes, yet we let them spend our money as if it grows on trees.
You wouldn’t hand your purse or wallet over to someone who “wasn’t very good with money” themselves, nor would you buy something from someone whose mate “was in the business”. These guys often have “mates in the business” and some have already proven that they have a tendency to be “not very good with money”