Britain's industrial decline laid bare by two rival nations as huge £42b 'black hole' exposed

1 sources1 storiesFirst seen 8/9/2026Score25Mixed Progress

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Britain's industrial decline laid bare by two rival nations as huge £42b 'black hole' exposed.

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Britain is spending up to almost 10 times more than Japan on high-speed railways, a new damning report has revealed.

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Even though the Japanese system must journey through earthquake-prone terrain, the UK is forking out millions of more taxpayer cash on projects which are blocked by the planning process.

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Latest data from think tank the Institute of Economic Affairs shows the first phase of Britain's HS2 project has cost an eye-watering £470million per route-kilometre.Meanwhile, extensions to Japan's Shinkansen through mountainous terrain have cost between £50million and £100million per kilometre.

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TRENDING Stories Videos Your Say For Europe, similar schemes cost their taxpayers around £25million to £32million per kilometre in an embarrassing comparison to British railway work.The issue, according to the author, lies within the UK's institutions, arguing the planning system hands too much power to those who can block construction.The report's author, Valentin Boboc, said: "Britain has an...

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