10th Report - HS2: Update following the Northern leg cancellation
Select Committee
Public Accounts Committee
HC 357
28 February 2025
Government response
Treasury minutes: Government response to the Committee of Public Accounts on the Tenth report from Session 2024-25 · published 16 May 2025
Recommendations & Conclusions
4 results
31
Conclusion
Acknowledged
Expanded Euston programme scope includes commercial development, housing, and station redevelopments.
Conclusion
In the October 2023 announcement, the government at the time set out that the HS2 station itself would be planned to be smaller, reflecting the lower number of train services expected to operate following the cancellation of Phase 2. However, …
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Government Response Summary
The government agrees with the committee’s observation and will provide an update on progress concerning the Euston programme in its next six-monthly report to Parliament, expected in Summer 2025.
HM Treasury
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32
Conclusion
Acknowledged
Department pursues holistic Euston approach, progressing new delivery company and corporation models.
Conclusion
The Department told us that the new approach to Euston is now a holistic one, seeking to build consensus between stakeholders and as a unified delivery rather than the ineffective attempts of the past to try to solve each part …
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Government Response Summary
The government agrees with the conclusion and will provide an update on progress on Euston in its next six-monthly report to Parliament, expected in Summer 2025.
HM Treasury
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34
Conclusion
Acknowledged
Department stresses need for correct financial incentives in new Euston delivery company.
Conclusion
The Department also pointed to the need to get the financial incentives right in the new delivery company, including what the shareholding and financial participation would be between the different bodies, so that people consider the collective interest, not just …
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Government Response Summary
The government agrees with the conclusion and will provide an update on progress on Euston, which implicitly covers aspects of the new delivery company, in its next six-monthly report to Parliament in Summer 2025.
HM Treasury
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35
Conclusion
Acknowledged
Department anticipates mixed funding for Euston station, including significant private investment.
Conclusion
We also challenged the Department on the likelihood of obtaining the more than £6 billion that the station at Euston is estimated to cost from the private sector. The Department suggested that the funding for Euston would likely be a …
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Government Response Summary
The government agrees with the conclusion and will provide an update on progress on Euston, including potentially on funding, in its next six-monthly report to Parliament in Summer 2025.
HM Treasury
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