We were told by HS2 Ltd that it would take time to implement the changes needed as part of the programme’s fundamental reset, with all of 2025 needed to ensure the organisation’s activities are all orientated towards delivering Phase 1. HS2 Ltd estimated that the reset would not be complete, with an “assured contractualised baseline” that can be properly measured against, until mid–2026. The Department also explained that the reset will include a re–evaluation and refreshing of the business c...

We were told by HS2 Ltd that it would take time to implement the changes needed as part of the programme’s fundamental reset, with all of 2025 needed to ensure the organisation’s activities are all orientated towards delivering Phase 1. HS2 Ltd estimated that the reset would not be complete, with an “assured contractualised baseline” that can be properly measured against, until mid–2026. The Department also explained that the reset will include a re–evaluation and refreshing of the business case and a revised benefit–cost ratio.15 Revising cost estimates Type: conclusion | Number: 9 | Response status: accepted Government response: The government agrees with the Committee’s recommendation. Target implementation date: Summer 2025 Following the former Secretary of State’s written ministerial statement on 20 October 2024, work is well underway within the Department for Transport to improve the oversight and financial control of t