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HS2: Rail link costs could rise to £106bn, says review

HS2: Rail link costs could rise to £106bn, says review

Business
Media playback is unsupported on your device Building the high-speed rail link HS2 could cost up to £106bn, a government-commissioned review has said.The unpublished report, seen by the Financial Times, says there is "considerable risk" that estimated costs could rise by another 20%.In 2015, HS2 was set to cost £56bn.The review also recommends pausing the second phase of the project while experts look at whether conventional lines could help link Birmingham to Manchester and Leeds instead.Mayor of Greater Manchester Andy Burnham told the BBC's Today programme it would "not be acceptable" if the North of England portion of HS2 was delayed or downgraded to slower speeds. "To me that would be the same old story. London to Birmingham, money is no
HS2 costs out of control, says review’s deputy chair

HS2 costs out of control, says review’s deputy chair

Business
There is "overwhelming evidence" that the costs of HS2 are "out of control" and its benefits overstated, the deputy chair of its review panel has said.Lord Berkeley said the high-speed rail line, linking London and northern England, is likely to cost over £108bn. A vocal critic of HS2, the Labour peer said he believed MPs had been "misled" about the price - set at £55bn in 2015.He has published a "dissenting report" on the project, but the government said it represented his personal view.Trains are due to start running on HS2 between London and Birmingham in 2029. However, Lord Berkeley says there is little prospect of that before 2031, and warns high-speed trains will not reach Manchester and Leeds until 2040.Lord Berkeley was t
Clients’ health-care spending gets closer look from advisors as costs squeeze budgets

Clients’ health-care spending gets closer look from advisors as costs squeeze budgets

Finance
Find yourself struggling to manage your health-care costs in retirement? You're not alone.As the cost of health care continues climbing faster than the rate of inflation and an aging population is living longer, many financial advisors are focused on the line item in their retired clients' budgets more than ever."It's a cost we see that's ever-present and it's gone way up over time," said certified financial planner Kelly Wright, director of financial planning for Columbia, Maryland-based Pinnacle Advisory Group. Pinnacle ranked No. 80 on the CNBC FA 100 list of top advisor firms for 2019.The ability to pay for health-care needs is one of the most critical issues of retirement.Hero Images | Getty ImagesThe U.S. spent about $ 3.5 trillion on health care in 2017, or about $ 11,000 per person...
One in four oncologists fails to discuss genetic testing costs, study says

One in four oncologists fails to discuss genetic testing costs, study says

Health
Nov. 1 (UPI) -- Apparently, some oncologists want to avoid giving their cancer patients sticker shock -- at least when discussing genetic testing. According to an analysis performed by researchers affiliated with the American Cancer Society, nearly one in four oncologists that discusses genomic testing with their patients rarely, or never, mentions the costs of these evaluations. The findings were published Friday in JNCI: The Journal of the National Cancer Institute. This is significant because charges for the tests, which are being used more and more in cancer care, can exceed $ 2,000 -- and not all health insurance plans cover the evaluations or the treatments recommended based on the findings, per the National Institutes of Health. "Medical financial hardship, such as problems payin...