Hello, im rajini vaidyanathan. Its been described as the new High Speed Railway that will form the backbone of britains transport network. But there are now questions over the future of the h52 project which had planned to connect london, the midlands and the north of england. The uk government says it would be crazy not to review the project given soaring costs due to the war in ukraine and a rise in inflation. Defence secretary, and former transport minister grant shapps told the bbc the government would need to make serious decisions on how affordable it is. The hs2 project was originally due to link london with manchester and leeds, via birmingham. There is speculation that the link between birmingham and manchester may be under threat as costs have increased significantly. The line to leeds has already been scrapped. With more, heres our political correspondent, jessica parker. Hsz hs2 is this enormous rail project, and they actually already scrapped a bit of the leg of the line t
But there are now questions over the future of the h52 project which had planned to connect london, the midlands and the north of england. The uk government says it would be crazy not to review the project given soaring costs due to the war in ukraine and a rise in inflation. Defence secretary, and former transport minister grant shapps told the bbc the government would need to make serious decisions on how affordable it is. The hs2 project was originally due to link london with manchester and leeds, via birmingham. There is speculation that the link between birmingham and manchester may be under threat as costs have increased significantly. The line to leeds has already been scrapped. For more, heres our political correspondent, jessica parker. Hs2 is this enormous rail project, and they actually already scrapped a bit of the leg of the line that would run up to leeds in the north of england, in yorkshire, and now there is also lots of Speculation Building that the government will pot
In that direction. Its notjust investments coming from the outside, in this regard, the us is investing in itself. 6. 6 billion as part of the chips act. This is a significant amount of money, isnt it . You have to put this in some context, though. Other countries, like taiwan, likejapan, like south korea, they been investing in their Semiconductor Industries for a long time, so this is the us finally playing the game of investing in this type of manufacturing which requires in most cases requires some Government Investment to defray the cost of these facilities which has reached Something Like 40 billion for the most advanced Semiconductor Manufacturing facilities, so government assistance here can be crucial to sort of making the facilities more viable commercially. Us treasury secretary janet yellen has wrapped up four days of meetings in china with a warning that the us will not accept new industries being decimated by chinese imports. During a press conference, yellen said us Pres
In that direction. Its notjust investments coming from the outside, in this regard, the us is investing in itself. 6. 6 billion as part of the chips act. This is a significant amount of money, isnt it . You have to put this in some context, though. Other countries, like taiwan, likejapan, like south korea, they been investing in their Semiconductor Industries for a long time, so this is the us finally playing the game of investing in this type of manufacturing which requires in most cases requires some Government Investment to defray the cost of these facilities which has reached Something Like 40 billion for the most advanced Semiconductor Manufacturing facilities, so government assistance here can be crucial to sort of making the facilities more viable commercially. Us treasury secretary janet yellen has wrapped up four days of meetings in china with a warning that the us will not accept new industries being decimated by chinese imports. During a press conference, yellen said us Pres
Advanced semiconductors by 2030. This is a big step in that direction. 2030. This is a big step in that direction. Its not ust investments i that direction. Its not Ust Investments Coming H that direction. Its notjust investments coming from | that direction. Its notjust i investments coming from the outside in this regard, the us is investing in itself. This is a significant amount of money, isnt it . ,. ,. , , isnt it . You have to put this in some isnt it . You have to put this in some context, isnt it . You have to put this in some context, other in some context, other countries like taiwan, like japan, like south korea, they been investing in their Semiconductor Industries for a long time, so this is the us finally getting in the game of investing in this type of manufacturing which requires in most cases requires some Government Investment to defray the cost of these facilities which is Something Like 40 billion for most advanced Semiconductor Manufacturing facilities, so governm