UK Politics

Conservative Party: Business supports high-speed rail for jobs and growth

News   •   Feb 28, 2011 11:54 GMT

Sixty-nine business leaders have written to the Financial Times to back plans for high speed rail to link London, the Midlands and the North.

Industry chiefs like Willie Walsh of IAG, Ian King of BAE Systems and retail names like John Lewis, Mitchell and Butler and Wm Morrisons were joined by small and medium sized businesses to argue that high speed rail would help British industry and boost the economy, particularly in the Midlands, the North and Scotland.

Government figures show that the scheme will provide 40,000 new jobs from construction work and regeneration around stations alone.

The government will launch a consultation on high speed rail next week.

The full letter can be read here (£).