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Transport & major projects

HS2 reaches Euston in the 2040s. Fares, for once, did not rise.

One train in every thirty-one cancelled, a high-speed line that will not reach Euston until the 2040s, and a fares freeze the government did deliver. The good and the bad, from the regulator's own counts.

Station stops within 3 minutes 86.4%
Cancellation score 3.2%
HS2 trains from Euston 2040 to 2043
Regulated rail fares 2026 Frozen
The evidence

10 figures, each with its official source.

86.4%
Station stops reached within three minutes

Measured at every stop on the journey, which is a harder test than terminating punctuality. Cancelled services are excluded from this figure entirely, so cancelling a train improves the punctuality number.

3.2%
Cancellation score

A weighted score in which a full cancellation counts as one and a part cancellation as a half. Roughly one train in every thirty-one.

1.9 million
Trains planned in the quarter

The denominator behind both figures above. A 3.2% cancellation score across 1.9 million planned services is roughly 61,000 trains that did not run as planned, in three months.

Frozen in 2026
Regulated rail fares

The first freeze in thirty years. Without it regulated fares would have risen 5.8%. Across Great Britain the fares index was unchanged while RPI rose 4.1%, so fares fell in real terms. A promise made and a promise delivered, recorded here as plainly as the broken ones.

1.0 billion
Bus miles run in England

Up 2% on the year before, but still 89% of the pre-pandemic level, and 86% outside London. The recovery is real and incomplete at the same time.

3.7 billion
Local bus passenger journeys

Up 1% on the previous year. Buses carry far more passenger journeys than the railway, and attract a fraction of the attention.

2036 to 2039
Trains running, Old Oak Common to Birmingham

Phase One was originally to open in 2026. The NAO puts the slippage at between around three and thirteen years, depending on which promised date you measure from.

National Audit Office: HS2 resetDfT estimate, May 2026
2040 to 2043
Trains running from Euston

Until then, high-speed passengers change at Old Oak Common in west London. A child starting school in 2026 will have left university before the line reaches central London.

National Audit Office: HS2 resetDfT estimate, May 2026
≈£8bn
Public funding for Euston station alone

£3.8bn already spent, with a further £4.1bn anticipated, for a station that will not open until the 2040s.

National Audit Office: HS2 resetspent plus anticipated, to May 2026
£153m
Cost of the reset programme itself

What HS2 Ltd expects to spend on reorganising the project. Not track, not trains, not stations. The NAO's verdict is that the department is making progress but has to get this reset right, having failed before.

National Audit Office: HS2 reset2025 reset, to spring 2027