Effects of HS2/Crossrail

• What is one microeconomic effect of improved accessibility to London and other economic hubs?

  Increased property values along the routes
• How could local businesses benefit from increased accessibility?

  They could see an increase in customer traffic
• What is a potential job-related microeconomic effect of the construction phase?

  Job creation benefiting local economies
• How does increased connectivity for workers affect job opportunities?

  Easier commutes could open up more job opportunities for individuals living far from city centres
• What impact would the construction of Crossrail/HS2 have on construction firms?

  Companies involved in construction would see increased business, boosting their revenues and profitability
• What is one macroeconomic effect of increased construction activity from Crossrail/HS2?

  Boost to the UK's GDP during the construction phase
• How could improved transportation affect labour mobility?

  It could increase labour mobility, contributing to greater economic efficiency and potential economic growth in the long run
• What influence could Crossrail/HS2 have on regional inequality?

  These projects could potentially reduce regional inequality by making it easier to commute to economic centres
• What fiscal impact could the high cost of Crossrail/HS2 projects have?

  It could impact government finances, potentially leading to increased borrowing or tax rises
• How could improved transport links affect tourism in the UK?

  It could increase tourist numbers, supporting the UK's tourism industry