AS Paper 1, November 2020Introduction to Markets and Market Failure
AS Paper 1, November 2020, Q5(b)
Explain one likely microeconomic reason why the government is using taxpayers’ money to fund HS2.
Short answerExplain2 marks
Context
HS2 is a high-speed rail network linking the north and south of England. HS2 will be four years late and cost double the Department for Transport’s original estimate.