Costs of HS2 could rocket up to £80billion in what should leave the whole project unsustainable, say campaigners.
The claims were made in the same week that Warwick District Council leader, Michael Doody branded the huge transport project “ridiculous”.
The damning report by the Institute of Economic Affairs claims the overall bill for High Speed rail will come in far higher than the currently expected £50.1 billion.
Joe Rukin, town campaigners and Stop HS2 spokesman, described it as ‘the most scathing Independent analysis’ of the project so far, branding the project unaffordable.
“The crescendo of opposition to this project is just getting louder and louder and the government is still not listening,” he said.
“The Public Accounts Committee, the National Audit Office and now the Institute of Economic Affairs have all raised concerns, and they are part of a long list of economist, rail experts and environmentalists who all say the case for HS2 simply does not exist.
“These aren’t bodies with an axe to grind, they’re acting in what they see as the best interests of the country.”
Up to 60 homes across Kenilworth and Burton Green could be within 120 metres of the proposed tracks.
Residents within the safeguarding route can now serve a Blight Notice for the Government to buy their homes for full, unblighted market value.
Visit www.hs2compensation.org for advice serving a notice for your home.