Boris Johnson Slams HS2 Cuts as “Treasury-Driven Nonsense”
Ex-PM Fights Back Against HS2 Axe
Former Prime Minister Boris Johnson has launched a fierce attack on the government’s latest plans to slash the HS2 high-speed rail project. He branded the moves “Treasury-driven nonsense” and warned that the iconic infrastructure venture risks being shredded beyond recognition.
More than 80 top companies and business leaders have piled on, sending a letter to ministers voicing “deep concern” over the project’s murky future. They say the ongoing uncertainty is holding HS2 back — and the consequences could be dire.
Government Vows to Press On Despite Setbacks
A government spokesperson insisted the HS2 dream is still alive and well. “We remain committed to delivering this transformative high-speed link,” they said, despite recent tales of delays and budget blowouts.
HS2, championed during Johnson’s time as PM, has seen its eastern leg between Birmingham and the east scaled back amid rising costs and spending cuts. Chancellor Jeremy Hunt admitted talks are ongoing about major cost overruns but stressed no final decisions have been made.
Ford Unveils Massive Pay Rise and Bonus for Canadian Workers
Ford Motor has struck a tentative deal with Unifor, the Canadian union, that includes a hefty 10% pay boost in year one — followed by smaller bumps of 2% and 3% in years two and three. Workers also stand to bag a $10,000 productivity and quality bonus.
The total pay hike adds up to an eye-watering 19%-25%, depending on the role. Unifor, speaking for 5,600 auto workers, gave the thumbs-up with unanimous support for the deal.
Meanwhile, Ford faces big union headaches in the US, with the United Auto Workers currently on strike at Ford, GM, and Stellantis plants.
Rite Aid Mulls Mass Store Closures Amid Bankruptcy Talks
Struggling drugstore giant Rite Aid is reportedly in talks to liquidate up to 500 of its 2,100-plus outlets as part of a bankruptcy plan. The proposal could see the pharmacy chain’s remaining stores sold off or handed over to creditors.
The 2,330-store chain operates across 17 US states but faces stiff competition from bigger rivals like Walgreens and CVS. Discussions are ongoing, and no final decision has been made yet.
