The latest optimistic cost-benefit analysis of the HS2 of the government indicates that the benefit–cost ratio based on comprehensive estimates including the wider economic benefits tantamount to an unfavourable allocation of funds where there are many other competing investment demands. The latest optimistic benefit-cost ratio has plummeted to an insignificant level of net benefits, from the value for money presumption of earlier forecasts based on desk studies with poor estimates lacking attention to detail.
On that account, it may be a good decision to prorogue the planned extension of the HS2 from Birmingham to Manchester. However, rail transport is the most desirable mode for the rest of the twenty-first century, and many of the planned high-speed rail tracks should be built in the future when they are able to generate better value for money. The money already spent on the planned extensions, and assets compulsorily purchased should be retained with the HS2 project, and put to good use in long-term abeyance. The farmlands can be rented to previous owners if they agree or otherwise to other interested parties. Houses can be rented. The rail corridors earmarked for HS2 extensions should be reserved for future rail projects. The proposed high-speed rail tracks are a great asset to future rail transport free from congestion by other rail networks. The envisaged sale of assets acquired by the HS2 is a myopic forlorn decision. They can be rented or leased until the projects are resurrected.