No Result
View All Result
  • About us
  • Contact us
  • Privacy Policy
  • Terms & Conditions
Smart Investment Today
  • News
  • Economy
  • Editor’s Pick
  • Investing
  • Stock
  • News
  • Economy
  • Editor’s Pick
  • Investing
  • Stock
No Result
View All Result
Smart Investment Today
No Result
View All Result
Home Investing

New rail minister Lord Hendy fuels hopes of HS2 revival

by
July 10, 2024
in Investing
0
New rail minister Lord Hendy fuels hopes of HS2 revival
0
SHARES
2
VIEWS
Share on FacebookShare on Twitter

The appointment of Lord Hendy as the new rail minister by Sir Keir Starmer has sparked optimism within the industry that previously scrapped sections of the HS2 project may be resurrected.

Lord Hendy, a prominent supporter of HS2, is expected to champion the expansion of the high-speed rail network. His primary role will be to oversee Labour’s renationalisation of train operators, but his advocacy for HS2 could lead to significant project advancements.

Last year, Lord Hendy criticised Rishi Sunak’s decision to halt HS2 at Birmingham, despite his role as chairman of Network Rail. His new position as rail minister is seen by many as a potential turning point for the project, particularly the extension from the Midlands to Crewe, which would enable HS2 trains to reach Manchester at top speed.

Henri Murison, CEO of the Northern Powerhouse Partnership, highlighted that Lord Hendy’s extensive experience and previous involvement with Transport for the North will allow him to effectively communicate the economic benefits of completing more of the original HS2 network. Murison pointed out that Sunak had committed to running HS2 trains into Manchester, but achieving this requires additional construction. He believes Lord Hendy can clearly outline the necessary costs and benefits.

Murison also noted that the railway industry is not seeking additional government funding for the extension, suggesting it could be financed privately. Lord Hendy’s leadership at Network Rail positions him well to oversee the creation of Great British Railways, which will integrate train operators with the track firm as existing contracts expire.

Another significant challenge for Lord Hendy will be simplifying the railway’s ticketing system, a task he successfully managed as transport commissioner in London under mayors Ken Livingstone and Boris Johnson.

Richard Bowker, former chairman of the Strategic Rail Authority and ex-CEO of National Express and Virgin Trains, praised Lord Hendy’s deep understanding of the railway sector, stating, “People across the industry are going to be delighted by this appointment, and having someone in government who truly understands how the railway works.”

Lord Hendy’s appointment continues Sir Keir Starmer’s strategy of enlisting specialists for ministerial roles, creating a so-called government of all talents. Though renowned for his railway expertise, Lord Hendy began his career managing bus networks and is known for his passion for Routemaster double-deckers, which he still drives.

Read more:
New rail minister Lord Hendy fuels hopes of HS2 revival

Previous Post

UK’s high debt poses challenges for new government, warns S&P

Next Post

Torbay’s Shout-Up! Training Benefits Over 200 Pub and Bar Staff

Next Post

Torbay’s Shout-Up! Training Benefits Over 200 Pub and Bar Staff

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    • Trending
    • Comments
    • Latest

    Gold Prices Rise as the Dollar Slowly Dies

    May 25, 2024

    Richard Murphy, The Bank of England, And MMT Confusion

    March 15, 2025

    We Can’t Fix International Organizations like the WTO. Abolish Them.

    March 15, 2025

    Free Markets Promote Peaceful Cooperation and Racial Harmony

    March 15, 2025
    In Congress, a Move To Strip Courts of Contempt Powers

    In Congress, a Move To Strip Courts of Contempt Powers

    0

    Ana-Maria Coaching Marks Milestone with New Book Release

    0

    The Consequences of California’s New Minimum Wage Law

    0

    Memorial Day

    0
    In Congress, a Move To Strip Courts of Contempt Powers

    In Congress, a Move To Strip Courts of Contempt Powers

    May 9, 2025

    The Environmental Impact of Infrared Saunas

    May 9, 2025

    Bank of England governor urges UK to rebuild EU trade ties as key summit looms

    May 9, 2025
    The Power of No: Why, When and How to Say It

    The Power of No: Why, When and How to Say It

    May 9, 2025

    Recent News

    In Congress, a Move To Strip Courts of Contempt Powers

    In Congress, a Move To Strip Courts of Contempt Powers

    May 9, 2025

    The Environmental Impact of Infrared Saunas

    May 9, 2025

    Bank of England governor urges UK to rebuild EU trade ties as key summit looms

    May 9, 2025
    The Power of No: Why, When and How to Say It

    The Power of No: Why, When and How to Say It

    May 9, 2025
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 smartinvestmenttoday.com | All Rights Reserved

    No Result
    View All Result
    • News
    • Economy
    • Editor’s Pick
    • Investing
    • Stock

    Copyright © 2025 smartinvestmenttoday.com | All Rights Reserved