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
1 results
3
Conclusion
Rejected
Report progress on HS2 contract renegotiations and plans for achieving cost savings
Conclusion
HS2 Ltd’s construction contracts are unacceptable to the public purse and it is imperative that HS2 Ltd deliver on its assurances to us that it can renegotiate these and deliver significant cost savings. The terms and operation of these contracts …
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Government Response Summary
The government disagrees with the specific recommendations, stating that due to ongoing, commercially sensitive negotiations and a programme reset, they cannot provide details on savings or commit to writing to the committee by the specified deadline. Updates will be provided through future six-monthly reports.
HM Treasury
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