HS2? "One grand folly"

Business quote of the day.

The Institute of Directors (IoD) has called for HS2 to be scrapped. A survey of its members found little enthusiasm for the £50bn high-speed rail project.
 
"We agree with the need for key infrastructure spending, but the business case for HS2 simply is not there. It is time for the government to look at a thousand smaller projects instead of falling for one grand folly," said the IoD's director general, Simon Walker.

The Institute of Directors (IoD) has called for HS2 to be scrapped. Photograph: Getty Images
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The NS Podcast #204: Carswell and Collapse

The New Statesman podcast.

Helen and Stephen are joined by Jonn Elledge to lament our exit from the EU, discuss what they feel about the EEA, and decide who they loathe more: Douglas Carswell or Daniel Hannan. Jason Cowley and George Eaton then introduce our special-issue on Labour's collapse. And you ask us: what do we think of the Labour Leave MPs?

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