Archive for the High Speed Rail Category

What changes could Hyperloop deliver?

What changes could Hyperloop deliver?

The last in our series of blogs on WEBs. Having worked on the Hyperloop projects, Volterra Partner Paul Buchanan looks at the impact futuristic modes of transport have on WEBs. WEBs and Hyperloop I have been lucky to work on four or five Hyperloop projects; this means

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WEBs – can they be negative?

WEBs - can they be negative?

The second in our series of blogs looking at how Paul Buchanan has continued to develop the techniques and spread the application of WEBs. Can WEBs be negative? I spent many years after Crossrail espousing the power of WEBs: the economic growth that resulted, the additional tax

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The history of Wider Economic Benefits (WEBs)

The history of Wider Economic Benefits (WEBs)

Paul Buchanan started WEBs, secured the original approval of WEBs by government and has continued to develop the techniques and spread the application of WEBs ever since. This series of blogs looks at some of the key changes and innovations that were introduced over time. They range

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High Speed North – building blocks for the Northern Powerhouse

High Speed North – building blocks for the Northern Powerhouse

An article by leading economist and member of the National Infrastructure Commission Bridget Rosewell. The National Infrastructure Commission launched its third report on 15th March looking the connectivity needs of the Northern Powerhouse.  Recommendations include improving the key rail link between Manchester and Leeds which is at

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Do short-term governments affect the UK’s productivity?

Since the economic crisis labour productivity growth in the UK has been very poor. The Bank of England estimate that output per hour (productivity) is 16% lower than it should be given pre recession trends. With output recovering and high levels of employment, many argue that the

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More ideas like HS3 are needed to solve our regional problems

In London and much of the South East, the recovery has been well under way for a considerable time.  House prices boom and restaurants are packed.  The economic data for the UK as a whole looks just as encouraging, with employment being at its highest ever level.

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Statistical rigour and HS2

At the Treasury Select Committee, in relation to HS2, Professor Graham said that it was important that we get these numbers right and in a scientifically rigorous way.  Both he and Professor Overman attacked the work published by KPMG as not only insufficiently rigorous, but also on

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The Political Economy of Risk Taking – and how HS2 is Misunderstood

High Speed Rail has no shortage of enemies.  It is challenged for having rising costs, too few benefits and for being the plaything of vested interests, such as local authorities and rail companies.  These are often cheap shots, based on what sometimes appears to be a wilful

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A wake-up call for the Department of Transport: do the proper sums, HS2 is worth it

The High Speed 2 rail project is under fire on many fronts. The Nimby protests in the affluent Home Counties have been augmented last week by more weighty criticism by the National Audit Office (NAO) of the scheme. At least, this is how the NAO’s work has

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