A REPORT on the HS2 has concluded that the demand for the high-speed rail link has been 'overestimated'.

The report, from the New Economics Foundation (NEF), said the £33bn predicted cost doesn't offer value for money.

The evidence that HS2 would promote economic growth was 'limited', it said, and claimed the government are backing the wrong horse when the money could be spent on more worthwhile things.

David Theiss from the NEF, said: "At the moment, it amounts to a £33bn gamble. Instead of pouring billions into a single line that'll take 20 years to complete, we should spread our bets on a wider range of transport investments."

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