DEREGULATING THE BUS INDUSTRY IN BRITAIN: A REPLY

In this paper, which closes this discussion of the merits of the case for bus industry deregulation in the United Kingdom, the authors note points of agreement and disagreement with the arguments put forward by Gwilliam, Nash & Mackie against deregulation in the form proposed. While agreeing that costs per passenger mile must be reduced by pressure on labour costs and by increasing productivity, the authors reaffirm their view that only deregulation can bring about sufficient cost saving quickly enough through competition for routes. See also IRRD abstracts nos. 282640, 282641 & 284902. (TRRL)