Stephen Hammond
It is a tenet of this government’s economic policy that regional imbalances must be addressed to boost productivity. The news that productivity has seen an uptick in the last two quarters is welcome. However, the need for investment remains. Few would disagree with the proposition that infrastructure is a key driver of economic growth and productivity. To many, infrastructure just means transport—it must also mean housing, access to broadband, utilities and energy.
Infrastructure creates jobs, raises incomes and regional growth. So when people ask whether HS2 is worth it and whether it will help people outside London, the answer to both is unequivocally yes. The increased capacity and connectivity will make regions more accessible, will bring investment and jobs.