Industry attacks OFT’s decision to investigate buses

Britain’s bus industry has reacted with incredulity at the Office of Fair Trading’s decision to launch a market study into the supply of local bus services.

The OFT is conducting the investigation because the sector has become increasingly concentrated by takeovers, with nearly two-thirds of services now controlled by the UK’s ‘big five’ passenger transport groups. The study will consider whether concentration in the market has a positive or negative impact on the...