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LONDON (Bloomberg) Britain’s first bullet trains entered service in London this week, bringing high-speed travel to the world’s oldest rail network, but government spending cuts prompted by the global recession may stunt plans to extend the project.

The 225-kph trains, made in Japan by Hitachi Ltd., cut journey times by 50 percent from north Kent on the southeast coast to London’s financial district using the High Speed 1 line built to carry Channel Tunnel services to Paris and Brussels.

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