Under the plans, speeds of up to 250mph on HS2 would reduce a Birmingham to Leeds journey from two hours to 57 minutes, while phase one will cut London-Birmingham travel to 49 minutes, from the current one hour and 24 minutes.
Speeds of up to 250mph on HS2 will also reduce a Birmingham to Leeds journey from two hours to 57 minutes, while phase one will cut London-Birmingham travel to 49 minutes, from the current one hour and 24 minutes.
Andrews worries that the proposal will get watered down, as did the next phase of the low-emission zone to cut nitrogen dioxide emissions (it will only apply to city buses).
MPC, together with Mr King's prominence as a dissenting voice, reinforces the view that the reduction in rates to 4.5% in early August might be the Bank's first and last cut in this phase of the interest-rate cycle.