Northern Powerhouse a step closer following Higgins HS2 phase 2 report, says KPMG

Northern Powerhouse a step closer following Higgi...

KPMG comments on the HS2 phase 2 update.

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Richard Threlfall, KPMG’s UK Head of Infrastructure, Building and Construction comments on the HS2 phase 2 update by Executive Chairman David Higgins. Richard said:

“Future generations will look back on today and celebrate a vision that made the UK great again."

“HS2 is a critical investment to the rebalancing of our economic wealth. Today’s announcement reconfirms the case for a high speed rail network that connects our major cities, and takes us a step closer to creating a Northern Powerhouse."

"Over the last 10 years, according to ONS data, the North's share of the UK's economic output has fallen by more than 5%. This trend will continue unless we invest to share our country’s economic success beyond the South East."

“HS2 phase 2 recognises the dismal state of links between the heart of the UK and its Northern cities today. The second phase, together with HS3 linking our northern city regions, should finally turn the tide and help the North regain its historic prominence in the UK economy."

“Local political and business leaders now need to come together and develop the connectivity that HS2 and HS3 offers into an overall vision for the development of the North."

“The objective is clear - a vibrant, successful and integrated northern economy that our children will be proud to inherit. Today’s announcement brings us an important step closer to that.” 


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About KPMG

KPMG LLP, a UK limited liability partnership, operates from 22 offices across the UK with approximately 11,500 partners and staff.  The UK firm recorded a turnover of £1.8 billion in the year ended September 2013. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 155 countries and has 155,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. Each KPMG firm is a legally distinct and separate entity and describes itself as such.

This article represents the views of the author only, and does not necessarily represent the views or professional advice of KPMG in the UK.

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