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    The great British bus rip-off.

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    papa_umau
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    The great British bus rip-off.

    Post by papa_umau on Wed 08 Mar 2017, 10:56 am

    The great British bus 'rip off' with shareholders raking in millions while services are axed

    Britain's five big bus companies have given their shareholders 181million a year in dividends while services have been slashed and fares doubled, the Mirror can reveal.

    Research by campaign group We Own It has revealed the payouts by region with London and the South East seeing the most cash siphoned off to shareholders.

    The big five bus companies: Arriva, Stagecoach, First, Go-Ahead, and National Express, average 1.81 billion over 10 years and researchers say the real figure could be even higher as it only includes the major bus operators, not the smaller operators.

    Get all of this shocking story from The Daily Mirror HERE




    While the private bus services whine about being unable to make any money this report tells the true story and makes them out to be liars.

    It wouldn't be so bad, but the bus services are subsidised to the hilt on low-income services and they are fully compensated for the specialist service like student fares, over sixty fares and disabled fares.

    Like all greedy private service companies, they want their cake and they want to eat it too.

    Time they were all nationalised.


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    zathrus
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    Re: The great British bus rip-off.

    Post by zathrus on Thu 09 Mar 2017, 11:29 am

    I agree that it was time that all public services should be nationalised.

    Just look at many of the European countries. Many of them are state owned but they can blow our services away with their clean, on-time, and fast, rail and bus services.
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    papa_umau
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    Re: The great British bus rip-off.

    Post by papa_umau on Fri 10 Mar 2017, 11:34 am

    Well said Zath'.

    We have a lot to learn from the public transport services in many of the European countries, especially France and Germany.


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    Angie baby
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    Re: The great British bus rip-off.

    Post by Angie baby on Sat 11 Mar 2017, 12:16 pm

    So long as the shareholders are getting their dividends I suppose they will not care if the services are slashed and the fares doubled, as they are unlikely to be the types that use the ordinary Clapham omnibus.
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    papa_umau
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    Re: The great British bus rip-off.

    Post by papa_umau on Sun 12 Mar 2017, 12:05 pm

    Yes, my dear, you will seldom see the shareholder-types on the buses.


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