Local Transport Today is the authoritative, independent journal for transport decision makers. Analysis, Comment & News on Transport Policy, Planning, Finance and Delivery since 1989.

How to measure the value of London’s bus spending

Sir Peter Hendy CBE, Transport Commissioner, Transport for London, London SW1H
06 September 2013
 

I have to disagree with a number of points made by Peter Nash (Letters LTT 26 Jul). In his rushing to ‘defend’ the bus industry outside London, for which I have a huge amount of respect and admiration, he seems to have missed my central argument. 

Firstly, to address the issue of what counts as subsidy, I believe the argument as to whether subsidy is ‘to the industry’ or ‘to the passenger’ is a stale one – it is certainly public money paid into the...

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