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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