John Redwood: HS2 head earns £600,000 salary amid overspending concerns

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Anastasiia Chabaniuk

57 min ago

John Redwood: HS2 head earns £600,000 salary amid overspending concerns — HS2 consultancy and head salary criticized

John Redwood raises concerns over the high salary of the Head of HS2, which he states is £600,000 plus possible bonuses.

He also points to the project’s large expenditures and being over budget, questioning why HS2 allocated £77 million to consultancy fees on cost and related matters last year. Redwood suggests that the CEO should focus on cutting costs, starting with reducing the number of consultants.

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Redwood previously flagged a rise in U.K. government borrowing that exceeded forecasts by £7.7 billion in two months, calling for spending restraint. He has also criticized the Bank of England's approach to selling bonds at a loss and questioned its strategy on interest rates. His latest comments add to repeated scrutiny of public sector financial management.

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