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Businesses 'not convinced' by HS2

A leading business lobby group has called on the government to abandon its controversial high-speed rail project.

The Institute of Directors (IoD) said a survey of its members showed businesses were unconvinced by the economic case for HS2.

The IoD's director general, Simon Walker, described the project as "one grand folly".

In response the government said the HS2 project was forecast to generate billions in economic benefits.

Joe Lynam reports.

  • 27 Aug 2013
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