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<p>In light of the Network North announcement, the scope of HS2 is now being reviewed
to make sure only what is required for the reduced scheme is being delivered, including
the revised approach to Euston. Once this work has been done, we will publish a cost
range and benefit cost ratio for the revised HS2 scheme as part of an updated business
case for the HS2 programme. The Department will publish this work when it is complete.
HS2 records costs in 2019 prices and in nominal terms. Decisions over inflation methodologies
and indices to express the wider programme's costs are ongoing between the Department
and HM Treasury.</p><p> </p><p> </p>
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