HS2 accountsThe “High Speed Spend” of taxpayer’s wonga continues at HS2 with no train in sight, as accountants admit that there are no assets just yet.

It seems that despite shelling out mega millions, some could argue that the only benefit to the public, has been the creation of 395 jobs by HS2 Limited. By my calculation that means each job has cost us about a million pounds, give or take.

What about all the houses and land that have been bought up?

You may well ask! The fact is that all land and building¬† purchases ahead of works are actually made by the government, not HS2 Ltd. So there’s no assets to be found there, you can stop looking now!

In addition, there have been several odd costs that we could have done well without. With not as much as a sleeper laid, we have already had to pay off one staff member to the tune of ¬£35,000. “A nice little earner”, as Arfur would say!

Further Reading: John Redwood MP Blog