Government Policy Flashcards
how does infrastructure investment maintain economic growth? (3)
- ensures an area is well connected, potentially being open for import and export
- business locate as people can get there to work
- accessible to tourists
give an example of the north-south divide in terms of transport infrastructure
65km journey by train:
- Newcastle to Middlesbrough 90 minutes
- Chelmsford to London 36 minutes
what is HS2?
a high-speed railway in two phases
what is phase one of HS2?
connect London to Birmingham
what is phase two of HS2?
high speed link between west coast mainline and east coast mainline
what are the estimates of economic growth as a result of HS2?
anywhere between £15 billion and £0.01 billion
what are the projected benefits of HS2? (4)
- increase rail capacity
- increase connectivity
- rebalance the economy
- enhance sustainability
what are the arguments against HS2? (3)
- London will get disproportionate benefits
- northern cities need to invest in other things such as education and housing
- smaller towns (Bradford) lose out to larger ones (Leeds)
what does the government plan to do to improve airport infrastructure?
build a third runway at Heathrow
what is a player involved in building the third runway at Heathrow
Universities Superannuation Scheme (USS)
what stake do USS have in Heathrow and what will they do with it?
invest into the third runway
how many jobs will the third runway at Heathrow provide
77,000
how much will the third runway cost?
£17.6 billion