Does my right hon. Friend agree that one of the effects of bus deregulation has been to create companies which offer a range of transport services? In my constituency, the private bus company Southern Vectis is preparing a franchise bid for the loss-making coastal line. This will increase the frequency of railway services on that line from one per hour to one every 10 minutes. Does that not demonstrate that deregulation and privatisation will lead to an improvement in services, contrary to the allegations from the Opposition Front Bench that it will lead to a closure of unprofitable railway lines?