Rather than spend £33 billion on HS2, the NEF calls for:
- £10 billion on upgrading our exiting North-South mainlines
- £10 billion to overhaul regional rail around the country
- £6 billion on improving buss and light rail (e.g. tram) networks around the UK – and introducing smart ticketing systems (like London’s Oyster card)
- £2 billion on better biking and walking infrastructure
- £5.5 billion on rolling out ultra fast ‘to-the-door’ broadband coverage across the UK – boosting business and reducing the demand for unnecessary business travel
The cost of providing fibre-optic connectivity to every house in the UK has been estimated to be at least £15 billion, however. So while our alternative investment package would clearly not contain the full amount necessary to reach every UK home, it could connect most homes in the core cities shown below.