Today the Senedd will vote on a motion to redesignate High Speed 2 as an England-only project. Previous calculations suggest that Wales missed out on around £4 billion from the project. Welsh Ministers have now claimed that the amount is £431 million—quite the difference. With the Welsh Government abandoning their ambitions and the UK Government refusing to budge on full consequential funding, is the Labour party now waving the white flag on Wales’s missing billions?