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HS2 Budget Means £755m Extra for Wales

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Wales will get an extra £755m over five years as a result of money being spent on the HS2 high-speed rail line in England, the Welsh government has said.

Plaid Cymru has campaigned for Wales to get some of the cash under the Barnett formula rules for public spending. The party accused Welsh Labour of not pursuing a share of HS2's budget, which some have claimed could reach £80bn.

The Welsh government denied the claim, saying ministers had called for a “fair share” of the extra transport funding.

The new high-speed line, linking London to Birmingham by 2026, with routes to Manchester and Leeds by 2033, is officially predicted to cost £55.7bn, according to the Department for Transport.

SOURCE: bbc.co.uk