Euston WILL be the London terminus for HS2, Chancellor Rachel Reeves confirms in Budget

HS2 volition scope Euston – and the London Underground and the DLR are besides expected to payment from the Budget.

Though she did not notation it successful her Budget address, Ms Reeves has besides allocated £485 cardinal to Transport for London to walk connected large “capital renewal” projects successful 2025-26.

However backing for the operation of a HS2 presumption astatine Euston – to beryllium built alongside the existing mainline presumption – remains unclear, arsenic does the timeline for the enactment to scope cardinal London.

Ms Reeves told the Commons: “We are committing the backing required to statesman tunnelling enactment to London Euston station.”

Budget documents authorities the the Government was “confirming backing to passageway from Old Oak Common to Euston to guarantee HS2 trains terminate successful cardinal London, catalysing backstage concern into the presumption and section area”.

The documents added: “Investment astatine Euston volition beryllium further supported done the assignment of Bek Seeley to seat the Euston Housing Delivery Group, to thrust guardant an ambitious lodging and regeneration inaugural for the section area.”

The erstwhile Tory authorities said the HS2 presumption astatine Euston would lone beryllium built with a operation of nationalist and backstage assemblage funding.

The confirmation that the way volition widen to Euston is seen arsenic captious to pull concern successful the station.

City Hall said the £485m for TfL could besides assistance to money caller trains and depots connected the Docklands Light Railway, though this is presently delayed, upgrades to District and Metropolitan enactment signalling, caller trams successful Croydon, improving the A40 Westway and perchance helping it to spot an bid for caller Bakerloo enactment trains – though further funds would beryllium required to regenerate the 50-year-old fleet.

Mayor Sadiq Khan, said: “Substantial further backing for TfL is fantastic quality and volition assistance to enactment the important maintenance, renewal and maturation of London’s transport system.

“And aft each the dither and hold from the erstwhile Government, confirming that HS2 volition terminate astatine Euston volition mean the superior tin yet realise the afloat economical benefits of the project.”

TfL commissioner Andy Lord said: “This concern volition guarantee that London’s transport web tin proceed to enactment caller homes, economical maturation and productivity successful the city.

“Throughout 2022/23 we spent £6.5bn with much than 2,000 suppliers, two-thirds of which were based extracurricular of London. We are pleased that, unneurotic with our suppliers, we tin determination connected from the inadequate backing implicit caller years and get connected with the captious enactment of making our metropolis and our state enactment for everyone.”

Paul Tuohy, main enforcement of the Campaign for Better Transport, said: "It is close that HS2 reaches Euston. Connecting HS2 to London for connections to the European continent and beyond is captious to unlock each of the economical maturation that the strategy offers.”

The erstwhile Tory authorities said past December that it would look to the backstage assemblage to assistance money the HS2 presumption astatine Euston.

Two years ago, images were released of proposals for a £2.6bn HS2 presumption and revamped Euston Tube station.

The HS2 presumption was to person the longest concourse successful the UK astatine much than 300 metres, portion Euston Tube presumption would person had a nonstop underground nexus with Euston Square station.

The projected HS2 presumption was reduced from an archetypal larger connection with 11 platforms, which would person opened successful 2 stages, to a 10-platform strategy that – astatine the clip - was owed for completion betwixt 2031 and 2036.

Last year, the National Audit Office revealed the 10-platform design, which was meant to beryllium cheaper, was present much costly than the 11-platform archetypal option.

The NAO said the outgo of Euston’s HS2 presumption was estimated astatine £4.8bn, £2.2bn much than the archetypal fund – and warned the two-year halt to operation enactment ordered by the Department for Transport successful March 2023 was apt to summation costs further.

The NAO study said astir £2bn has already been sunk successful the task - £548m successful the presumption positive £1.5bn connected wider preparatory works crossed the site, including onshore purchases and the decanting of hundreds of residents.

HS2 services are owed to commencement moving betwixt 2029 and 2033, with a people day of 2030, initially betwixt the caller stations astatine Old Oak Common and Birmingham Curzon Street.

HS2 trains are present not owed to get astatine Euston until 2041.

Separately, Network Rail has been moving for years connected the redevelopment of Euston’s mainline station.