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Universal theme park for Bedfordshire confirmed by Starmer (www.bbc.co.uk)

submitted 2 weeks ago by i_am_not_a_robot@feddit.uk to c/unitedkingdom@feddit.uk

25 comments fedilink hide all child comments

cross-posted from: https://feddit.uk/post/27168720

The company says the new site is expected to create 28,000 jobs and generate £50bn for the economy.

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[–] TheGrandNagus@lemmy.world 5 points 2 weeks ago (3 children)

Good. A massive investment, and not requiring a load of public subsidy like seemingly everything else.

Nice to see stuff slowly start actually being built.

[–] omcgo@lemmy.world 10 points 2 weeks ago* (last edited 2 weeks ago) (2 children)

Things like this get built off the back of public investment and subsidy.

HS1, HS2, and the Oxford - > Cambridge line all massively contribute to the reason this is getting built. Not to mention all the Public roads in Bedfordshire.

We must first invest public-ally then the private money follows. Crossrail cost £18.8 billion but the wider economic benefits it brings to London and the UK, are estimated at £42 billion.

[–] ohulancutash@feddit.uk 1 points 1 week ago* (last edited 1 week ago)

Just a minor correction here, HS1 was not built with public funds. Indeed Thatcher wrote into the Channel Tunnel Act 1987 a clause making it illegal for any public subsidy to reach the tunnel or its connecting line. As a consequence, St Pancras is the only privately owned railway station on the national network, and HS1 itself is owned by a private consortium.

[–] TheGrandNagus@lemmy.world 1 points 1 week ago

Well yeah, but if you go by that, literally everything is from public investment and subsidy.