Bus Services Bill [Lords]

Part of Supply and Appropriation (Anticipation and Adjustments) Bill – in the House of Commons at 1:07 pm on 1st March 2017.

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Photo of Graham Stringer Graham Stringer Labour, Blackley and Broughton 1:07 pm, 1st March 2017

I welcome the Bill, but the Secretary of State is on a very thin point when he justifies what has happened over the past 31 years with investment in new buses. Does he realise that that investment has come from the extreme exploitation of bus passengers, particularly in metropolitan areas, where bus companies exploiting monopoly positions have been able to get a rate of return on capital that is much higher than they would get from real competition, and much higher than companies get in the franchised London area?