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- W583536304 abstract "This chapter describes how the bus market in Britain is still largely governed by the Transport Act of 1985, which led to its reorientation in terms of ownership and regulation form that which had existed for the previous 15 years of ownership and 45 years of regulation. The industry of 1985 was heavily regulated and was owned almost entirely by the public sector, and was faced with problems of falling ridership set against rising costs and subsidy. The strategies of privatization and deregulation failed to increase ridership although the level of subsidy diminished. The Labor government of 1997 published a White Paper that led to other policy documents and to the Transport Act 2000. These initiatives illustrated an apparently strong commitment towards the bus industry as the way to achieve a range of public policy targets. The bus industry of 2004 is, with the exception of London, fully deregulated. With the exception of small pockets of public sector ownership, it is owned by the private sector, with the majority of supply being accounted for by stock market-listed companies. In spite of these changes since 1985, the industry is still seeing falling ridership in most locations. This chapter addresses the issue of whether the industry, as currently structured from an ownership perspective, is capable of achieving the targets to which the government aspires." @default.
- W583536304 created "2016-06-24" @default.
- W583536304 creator A5079226171 @default.
- W583536304 date "2005-01-01" @default.
- W583536304 modified "2023-09-27" @default.
- W583536304 title "Is the Current Ownership Structure of the British Bus Industry Capable of Meeting Public Policy Objectives?" @default.
- W583536304 cites W2122836091 @default.
- W583536304 doi "https://doi.org/10.1016/b978-008044580-9/50131-8" @default.
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