It's welcome. But it's about 25 years too late and doesn't go nearly far enough. We opened the channel tunnel in 1994. We should have had high-speed rail from Edinburgh, Glasgow, Cardiff, Liverpool, Manchester and Birmingham via London direct to Paris, Brussels and Berlin, and a rapid route from the northwest to the southwest within 15 years. Look at what France, Germany and Spain have achieved in the same timeframe.
Instead, 26 years later we're just about getting around to starting building a high-speed rail track from Birmingham to the wrong station in London, and it'll probably be another 26 years before we get around to extending northwards. I don't suppose I'll live to see the high-speed lines we need to the southwest.
It's not 25 years too late, it's over 50 years late.
In the mid 60's all the European countries made (Beeching) cuts to their (Victorian) rural rail network, but all the others trimmed the rural lines rather than wholesale cutting as was doe in the UK.
The rest of Europe then all put the money saved into the main line network and upgraded it to high speed rail during the 1970, all except the UK which put the money into the road system.
A story I have head, first hand, so I believe it, was when Margret Thatcher and Presided Mitterand signed the deal to build the Channel Tunnel the first part of the deal was signed in Paris. The entire party of French and British politicians then all went to Gare du Nord and one of the brand new TGV trains was bought in and the entire party blasted across the French countryside at 200 mph to Calais. where they all got out and got on a ferry to Dover.
They then got on a traditional slam door British Rail train to London travelling at speeds of upto 65mph.
The French thought this was a great joke, the British showing off old rolling stock and were a bit disappointed that it was not a steam train at the front.
Thatcher did not get the joke.
When Mitterand asked about the new line between Dover and London, her reply was "what line ?'"
Up until that point the idea of a new line had not even been considered!
Hence although the tunnel opened in 1994 the line (HS1) was not discussed until 1996 (after Thatcher had gone) and consequently did not open fully until 2007, 13 years late.