The government is wasting £8 billion a year by overpaying on transport infrastructure projects funded by the taxpayer, a new report has concluded.
A study found that new road, railway and tram projects cost 65 per cent more than equivalent schemes in France, Germany, Italy, Spain, Canada or South Korea.
The report said that ministers could have saved £42 billion if costs had stayed similar to comparable countries.
If ministers had been able to keep costs low, it could have reached the NATO target for spending three per cent of GDP on defence, without raising taxes.
It also found that Hinkley Point C, the
To provide well-rounded coverage and a breadth of insight across various events, we rely on contributions from several staff writers, each bringing their own area of expertise to our publication.
