Homeowners affected by HS2 to receive extra financial compensation.

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Homeowners affected by HS2 to receive extra financial compensation.

Homeowners near the proposed HS2 line between London and Birmingham are also set to get extra financial compensation.

Residents and small businesses have the choice of selling to the government or receive a cash compensation worth 10 per cent of their property value.

It comes as MPs have cast doubts on whether £50 billion being spent on the high speed rail project is good value for money.

A report by the House of Commons Public Accounts Committee said the figure, which will be funded with taxpayers money, includes contingency cash which could be used to cover up cost increases.

It said the committee was sceptical over whether the Department for Transport would can deliver value for money and questioned whether it was part of a “clear strategic approach to investment in the rail network”.

Fran Heron, a campaigner from Stop HS2, and Murad Qureshi, Labour London Assembly member and Deputy Chair of the Environment Committee, join Headline London to discuss the project.

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