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| North-based firms to benefit from high speed rail |
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 Businesses with experienced admin staff situated in the northern regions of the UK will be set to benefit from a new high speed rail network which will cut down journey times between London, Birmingham, Leeds and Manchester.The government has approved plans to construct HS2, which will travel at speeds of up to 250mph and boost capacity of the country's overcrowding transport system. Journeys to Birmingham from the capital will be reduced by 30 minutes, taking just 45 minutes, and will be completed by 2026. A second phase will see lines built Birmingham to Leeds and Manchester by 2033. While the plans have received much criticism for its environmental impact and huge cost (the first phase alone will cost £32 billion), the Confederation of British Industry (CBI) has welcomed the move. "We are right to plan for the infrastructure which the next generation will need, and the biggest prize will come from phase two – the link with the North. This will help to spread the benefits of future economic growth across the country," commented John Cridland, director-general of the CBI. Posted by Daniel Frost 
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