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"The government’s decision to push ahead with HS2 is a good one. Britain needs to build a high-speed rail system, just as it needs to build a smart energy system, a high-speed broadband system and a water, sewerage and flood-defence system. It needs to address its chronic airport capacity problems in the southeast, to address road congestion and to tackle the state of our natural capital.
"As almost everyone agrees, there is no lack of things to do. It is doing them that is the problem.
"... By failing to maintain our infrastructure, we have in effect been living beyond our means. The alternative – signing expensive investment agreements with pension funds and sovereign wealth funds – comes at a price politicians are reluctant to pay: telling the public the true cost it will bear."
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