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Deregulation of the UK Bus Industry.

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Deregulation of the UK Bus Industry. The bus is the most widely used form of public transport. During 1999/2000 4.3 billion bus journeys were made in Great Britain, double the number of journeys made on national rail services and London Underground combined. A bus can carry up to 80 people, takes up little more road space than two cars, and emits less pollution per passenger mile. Increasing bus use during peak periods is therefore an essential part of the Government's strategy to reduce congestion and pollution. Before deregulation the bus industry was finding that operating costs, fares and levels of subsidy were on the increase. Almost all companies suffered from a shortfall between revenue from fares and their operating costs. Following the Transport Act 1968 and the Local Government Acts of 1972 and of 1973, local authorities played an increasing role in sustaining public transport through revenue support payments, in line with...

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