In relation to the HS2 thread:

Could it be that £15 billion has been wasted on useless capital projects because Government half-wits calculate estimates on the back of fag packets?

http://www.cityam.com/forum/no-recessions-80-years-the-fanciful-world-high-speed-rail-2-s-business-case

Good opportunity for Ed Millibanana to put some distance between himself and Cameroon and look economically competent at the same time, by promising to cancel the stupid project…

I love the way Cameron says it will reduce the north south divide – when its only going to Birmingham.

Its a stupid idea.

If you read the article, you’ll see that it will eventually go further.

there was a program on R4 the other week about the MOD.

They have what’s called a ‘culture of optimism’ – they’ll put a price on a project based on the best possible case just so they can get it signed off – often with little input from the people who will be buildign the ships or whatever.

They had an Admiral ont here saying ‘Well, if we said how much we really thought it would really cost it wouldn’t get built and we know we need it.’

I love the way Cameron says it will reduce the north south divide – when its only going to Birmingham.

That IS the north/south divide. Any further north than that is a scary place, full of pie eating blokes with beards.