The Bosses of Britain’s Biggest Companies Lose Faith in HS2

Leaders of the country’s biggest companies are losing faith in the planned High Speed 2 railway, a poll out yesterday showed, in spite of a renewed push by the government to convince businesses that the project will benefit the economy.

A poll of 34 of the FTSE 100’s chairmen found that 49 per cent believe HS2 should not be built, compared to 33 per cent who support the scheme.

More than a third have changed their opinion for the worse in the last year, and one described the £42.6bn project as “look[ing] increasingly lunatic”, according to a survey by Korn/Ferry Whitehead Mann.

By comparison, 83 per cent are in favour of a new panel to prioritise the country’s infrastructure projects.

“There’s clearly a shift towards a view that this is not a good project,” said Korn Ferry partner Dominic Schofield. “The fact that this is being put across by some of Britain’s biggest business leaders shows that the government has a job to do in convincing companies on the business benefits.”

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