HS2 will make it to Euston, the Government has confirmed.

In her budget today, Chancellor Rachel Reeves committed to funding tunnelling work so that the high-speed line ends at a central London terminus.

It comes a year after the previous Conservative government said that the line would only stop at Euston if enough private investment could be found to fund the station.

This could have meant that the HS2 line from Birmingham ended at Old Oak Common in west London, rather than at Euston as originally planned.

Last year, former Prime Minister Rishi Sunak also scrapped the second leg of HS2 from Birmingham to Manchester due to spiralling costs.

At the time, he announced that any Euston terminus for the line would have six platforms, down from the 10 originally planned.

Speaking in the House of Commons this afternoon (October 30), Reeves said: “My right honourable friend the Transport Secretary [Louise Haigh] has…set out a plan for how to get a grip of HS2.

“Today, we are securing delivery of the project between Old Oak Common and Birmingham and we are committing the funding required to begin tunnelling work to London Euston station.

“This will catalyse private investment into the local area delivering jobs and growth.”

Camden Council has previously slammed uncertainty over the project, claiming that it had raised fears that residents would "have to endure years of disruption for absolutely no benefit”.

Today, Camden Council leader Cllr Richard Olszewski said:  "After years of uncertainty, this is an opportunity to start a new chapter for Euston and it means that we can begin to take the necessary steps towards transforming Euston into a thriving place.   

“Our residents and businesses have faced years of upheaval and lost homes and livelihoods to HS2.

"We owe it to them to deliver genuine change and a lasting legacy in Euston – and we know what the future can be; thousands of new jobs, the restoration of lost green spaces, and the building of much needed affordable homes and community facilities – all delivered alongside a new station. "

He added that the council wanted to lead on the future development to "make this vision a reality".

The Ham and High has asked the Treasury if the latest announcement means that the Government has also committed to fully funding the new station at Euston.

Work on the site has been paused since last year due to the rising costs of the project.

Earlier this month, Transport Secretary Loise Haigh reinstated ministerial oversight over HS2 to try to drive down costs and “ensure greater accountability”.