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Yesterday in Parliament

Yesterday in Parliament 20 May 2026

Yesterday in Parliament

BBC

News

3.910 Ratings

🗓️ 20 May 2026

⏱️ 5 minutes

🧾️ Download transcript

Summary

The estimated £100bn price tag for HS2

Transcript

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0:00.0

BBC Sounds, Music, Radio, podcasts.

0:05.6

Hello there, I'm Alicia McCarthy.

0:08.1

Thanks for downloading the yesterday in Parliament podcast.

0:11.6

On Tuesday, the 19th of May, the Transport Secretary revealed the latest estimated price tag

0:16.8

for the high-speed train line HS2.

0:20.0

If you're an avid train spotter,

0:22.4

you're going to be polishing your camera lens for a little while yet.

0:25.7

We now expect first services to run from Old Oak Common to Birmingham-Kersen Street

0:31.3

between May 2036 and October 2039.

0:36.0

And the Transport Secretary warned MPs the full HS2 route from Birmingham into London,

0:41.3

Houston might not be open until 2043. That announcement about the delayed start date came as Heidi

0:48.6

Alexander also gave MPs the latest price tag. Back in 2011, the estimated cost was £32 billion.

0:57.5

Now she revealed it was forecast to be somewhere between 87 and £102 billion.

1:02.7

Two-thirds of this increase is down to past misunderstanding of the work required,

1:09.8

underestimestimation and inefficiency.

1:12.4

Issues within the control of HS2 Limited, some of its suppliers and previous governments.

1:19.0

But she insisted things would be different this time, with the project now being led by Mark Wilde,

1:25.0

who'd previously turned around London's crossrail project, now called

1:28.8

the Elizabeth Line. And Heidi Alexander quoted a review by Sir Stephen Lovegrove, which highlighted

1:34.7

gold plating of the original HS2 plans. It talks about the focus, and I quote, on the highest

1:41.6

possible speeds, resulting in bespoke and highly engineered design.

1:47.4

Madam Deputy Speaker, to translate, it was a massively overspecked folly, with the prospect

...

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