- cross-posted to:
- beds@feddit.uk
- cross-posted to:
- beds@feddit.uk
cross-posted from: https://feddit.uk/post/27168720
The company says the new site is expected to create 28,000 jobs and generate £50bn for the economy.
cross-posted from: https://feddit.uk/post/27168720
The company says the new site is expected to create 28,000 jobs and generate £50bn for the economy.
Good. A massive investment, and not requiring a load of public subsidy like seemingly everything else.
Nice to see stuff slowly start actually being built.
Things like this get built off the back of public investment and subsidy.
HS1, HS2, and the Oxford - > Cambridge line all massively contribute to the reason this is getting built. Not to mention all the Public roads in Bedfordshire.
We must first invest public-ally then the private money follows. Crossrail cost £18.8 billion but the wider economic benefits it brings to London and the UK, are estimated at £42 billion.
Well yeah, but if you go by that, literally everything is from public investment and subsidy.
Just a minor correction here, HS1 was not built with public funds. Indeed Thatcher wrote into the Channel Tunnel Act 1987 a clause making it illegal for any public subsidy to reach the tunnel or its connecting line. As a consequence, St Pancras is the only privately owned railway station on the national network, and HS1 itself is owned by a private consortium.