I do not recognise the facts as the hon. Gentleman has presented them. First, the senior management of London Transport and the operators of the London bus subsidiaries are in favour of deregulation and privatisation. Secondly, we have no intention of jeopardising the concessionary fares and the travelcard, which are two essential forms of travel subsidy not only for the disabled and pensioners, but for those who want to use different modes of transport.