HS2 is likely to reach Euston, minister signals

The Cabinet minister said an announcement on the project will be made “soon”, and could happen around the time of the Budget on October 30.

In October last year, then-prime minister Rishi Sunak announced that extending HS2 from Old Oak Common, in the suburbs of west London, to Euston, near the centre of the capital, was reliant on private investment.

This was aimed at saving £6.5 billion of taxpayers’ money.

Major HS2 construction work at a site alongside the existing station has been halted since the previous March due to funding doubts.

The Commons’ Public Accounts Committee issued a report in February stating it was “highly sceptical” that the Department for Transport would be able to attract private investment on “the scale and speed required” to make extending HS2 to Euston “a success”.

Asked by Times Radio on Tuesday if it is affordable for HS2 to reach Euston, Ms Haigh replied: “We will be making an announcement on that soon.

“But it certainly would never have made sense to leave it between Old Oak Common and Birmingham.”

Asked if the announcement may come in the Budget, she said: “It may be made around those decisions.”

Shadow education secretary Damian Hinds said the cost of extending HS2 to Euston must be a key consideration.

He told Times Radio: “It is really important that we get transport infrastructure right, clearly.

“But clearly that also has to be weighed against cost.

“And one thing we know about this Labour Government in its rather chaotic early days is that the numbers just are not adding up.

“And clearly they are going to have to think very, very long and hard about what they can spend on and indeed how they’re going to raise money.”