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Cheshire East council says it faces bankruptcy due to HS2 link cancellation

Local authority covering some of richest areas in England says it spent £11m preparing for rail line. A council in one of the wealthiest parts of the UK has warned it faces potential bankruptcy due to the devastating impact of cancelling the northern leg of HS2. Leaders of Cheshire East council in north-west England said the authority had spent £11m preparing for the high-speed rail link, and this would now have to be written off. Most of this money £8.6m had been funded by borrowing and would now have to be funded from the council's already stretched revenue budget.

All change for most used stations as Elizabeth line shakes up top 10

The Office of Rail and Road (ORR) has today revealed that London Liverpool Street has replaced London Waterloo as the most used railway station in Great Britain. The opening of the Elizabeth line was a principal contributing factor in the almost 80.4 million entries and exits to Liverpool Street between 1 April 2022 and 31 March 2023, an increase of around 50 million.

Friday, 15 December 2023

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  • Cheshire East council says it faces bankruptcy due to HS2 link cancellationLocal authority covering some of richest areas in England says it spent £11m preparing for rail line. A council in one of the wealthiest parts of the UK has warned it faces potential bankruptcy due to the devastating impact of cancelling the northern leg of HS2. Leaders of Cheshire East council in north-west England said the authority had spent £11m preparing for the high-speed rail link, and this would now have to be written off. Most of this money £8.6m had been funded by borrowing and would now have to be funded from the council's already stretched revenue budget.

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Office of Rail and Road (ORR)

  • All change for most used stations as Elizabeth line shakes up top 10The Office of Rail and Road (ORR) has today revealed that London Liverpool Street has replaced London Waterloo as the most used railway station in Great Britain. The opening of the Elizabeth line was a principal contributing factor in the almost 80.4 million entries and exits to Liverpool Street between 1 April 2022 and 31 March 2023, an increase of around 50 million.

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