Boris Johnson Slams Plans to Slash HS2: ‘Treasury-Driven Nonsense’
Johnson Takes on Govt Over HS2 Cuts
Former Prime Minister Boris Johnson has launched a furious attack on the government’s plans to scale back the HS2 high-speed rail project. He branded the cost-cutting measures “Treasury-driven nonsense” and warned they risk wrecking one of Britain’s most ambitious infrastructure schemes.
HS2, championed under Johnson’s administration, has already faced numerous hurdles—delays, soaring bills, and looming budget slashes. Its critical East Midlands leg is reportedly set for major downsizing.
Business Heavyweights Demand Clarity on HS2
More than 80 leading companies and business leaders have penned a letter to ministers, voicing “deep concern” over the ongoing uncertainty around HS2’s future. They argue that constant waffle and backtracking is stifling the project and putting jobs at risk.
Despite rumours of cuts, a government spokesperson insisted the UK is still committed to delivering the high-speed line. Chancellor Jeremy Hunt admitted talks are underway but stressed no final decision has been made.
Ford Rolls Out Massive Pay Rise Amid Union Talks
Over in Canada, Ford has struck a deal with the Unifor union, promising a juicy 10% pay rise in the first year, followed by smaller bumps of 2% and 3% over the next two years. Workers will also get a hefty $10,000 bonus based on productivity and quality.
This deal could see wages jump by up to 25% depending on the job. It won unanimous backing from the 5,600-strong union membership.
Across the Atlantic, Ford’s US plants face strikes from the United Auto Workers union, hitting the automotive giant hard at a tricky time.
Rite Aid Mulls Mass Store Closures in Bankruptcy Talks
Big US drugstore chain Rite Aid is in crunch talks with creditors over a bankruptcy plan that could see it shut between 400 and 500 of its 2,300+ stores. The retailer may also hand over control of its remaining outlets to lenders.
Though no final call has been made, these moves underline Rite Aid’s struggle in a market dominated by giants Walgreens Boots Alliance and CVS Health.
