The Commons public accounts committee warns that the high-speed rail project between London and Birmingham may never be completed due to the government and HS2 lacking necessary skills and capacities. Billions of taxpayer funds have already been wasted on the project, with doubts raised about the government’s ability to deliver even a scaled-down version. The report criticizes the Department for Transport and HS2 Ltd for failing in oversight and financial control, questioning the value for money of the project even if it is completed.
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Germany to boost defence spending at faster rate than France or UK
Germany plans to increase its defense spending by over 66% by 2029, reaching €162 billion, as Chancellor Friedrich Merz responds to threats from Russia and the U.S. This includes annual military aid to Ukraine and aims to elevate defense spending to about 3.5% of GDP, surpassing France and the UK, while also implementing significant infrastructure investments and tax breaks to stimulate growth. Need More Context? 🔎
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