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Transport Economics Assignment 2 a) Decline in Bus Use Since the 1950's there has been a rapid decline in bus journeys. In the whole of Britain in 1950 there was a peak of 16,445 million traveling by bus, but this has fallen to 5,641 million in 1985/86. This was the last year before deregulation of buses. Since the bus service was deregulated in Great Britain outside London there has been a major decline by 37 percent, and fares have risen by 45 percent. In the bigger cities this is even worse with a decline of 38 percent and fares rising by 86 percent. The Passenger Transport Executives and local authorities invest £500 million each year through concessionary fares, support for subsidised services and improvements such as new and sometimes expensive bus shelters. The table below shows the how the trends have changed in different areas over the last twenty years. . The...

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