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HM Treasury to challenge HS2 revised costs before final programme budget agreement.

Conclusion
The Department confirmed that as well as agreeing a revised cost for the programme with HS2 Ltd, there will also be challenge from HM Treasury before a revised budget for the programme can be set. It told us that HM Treasury is already closely engaged and an important step in determining the eventual cost of the programme will be the upcoming spending review. As part of that, the Department will need to agree with the Treasury what the funding profile for the programme will be for the remainder of this Parliament.25
Government Response

A response document is linked to this report, dated 16 May 2025. Response attribution to this conclusion has not been verified. Read the response document.

Addressee Bodies
HM Treasury
Timeline
Recommendation age 1.5 yrs
Report published 28 Feb 2025