HS2 rail proposal dismissed as vanity project by Institute of Economic Affairs

http://www.telegraph.co.uk/news/8647465/High-speed-rail-dismissed-as-vanity-project-by-right-wing-think-tank.html

Claims that HS2 will bridge the north-south divide and bring regeneration should be treated with scepticism as the evidence is largely speculative. Alleged benefits must be set against the wider economic losses from the additional taxation required to fund HS2.  (£1000 per taxpayer)

http://www.iea.org.uk/in-the-media/press-release/new-analysis-shows-serious-economic-flaws-in-high-speed-2-plans