Next HS2 boss could be paid MORE than the last

The next boss of HS2 Ltd could earn more than the £677,000 per year that their predecessor received, even though the project has been scaled back.

Sir Jon Thompson, executive chairman of HS2 Ltd, told MPs that ministers are currently deciding on the salary for the vacant role.

Mark Thurston, who left his role as chief executive in September, had a pay package worth £677,000 in the 2022/23 financial year.

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Last month, the Government took away HS2 Ltd's responsibility for Euston station and cancelled plans to extend the high-speed railway from Birmingham to Manchester.

When asked about finding a new chief executive, Sir Jon said: "The only outstanding issue is the question of salary, which is currently with ministers."

He suggested changing the reward structure so it's more focused on meeting the schedule and delivering at the lowest possible cost.

"So it will be a lower base than Mr Thurston but there will be more opportunity to earn a higher salary if you meet all the necessary targets on schedule and cost," he added.

This idea is now being considered by ministers.

* An AI tool was used to add an extra layer to the editing process for this story.