Archive for the Infrastructure Category

‘Re-inventing’ London: Planning for the Future

London is changing.  But then, it always is.  The theme of my new book, ‘Reinventing London’ is that change is the lifeblood of a great city.  Over the past thirty years it has replaced around 1 million jobs in manufacturing, largely around the edge of the city

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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 Benefits of Choice: the Battle Never Ends

Do consumer choice and competition between suppliers improve the quality of outcomes for consumers? The answer might seem so obvious to many readers that it is hardly worth asking. But a powerful strand of political opinion is building up to an attack on the concept. Mary Creagh,

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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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Airports, Commercial Value and how to Split Hairs

In the not too distant past, major UK airports were public assets. In many parts of the world, they still are. But here, for some good and some not so good economic reasons, we privatised ours. So now we need to ask whether private investors want to own

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