HS2, the high-speed railway project that will link London and Birmingham by 2026
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HS2, the high-speed railway project that will link London and Birmingham by 2026, is expected to benefit Birmingham’s economy. However, towns and cities that are near the railway route but not linked to HS2 fear that their economies will suffer as more businesses move to Birmingham. Using a variety of different economic welfare criteria, explain under what circumstances HS2 could be welfare improving. Clearly highlight the assumptions and limitations of the welfare criteria you have selected.