Following the granting of Royal Assent to the High Speed Rail (London to West Midlands) Act 2017, HS2 Limited has the necessary compulsory purchase powers required to deliver Phase 1. As a result, compulsory purchase legislation will now be relevant and the rules for assessing compensation are the same as for a normal CPO.
The principles of compensation are governed by the Compensation Code, which is derived from statute, case law and established practice. One of the main principles is that of “equivalence”, i.e. a claimant should be placed in no better or worse position (in financial terms) after the acquisition than they were prior to the acquisition.