It was announced in March that construction of the Birmingham to Crewe leg of the high-speed railway will be delayed by two years and services may not enter central London until the 2040s.
He told MPs the Government had to make “sensible decisions” due to having annual budgets.
“But of course it does reflect the fact that you have a budget in each year, everybody listening to this has to live within their annual budget, as well as a budget over time. “There’s a section of the project which we have fully mobilised. We’ve got contractors building it, spending a considerable amount of money on phase one .
The high-speed line was due for extension between Birmingham and Crewe between 2030 and 2034 to help boost transport in the north of England.
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