When choice and competition doesn't matter

Telegrammed by Bulldog Drummond...
Nick Hassell in his Times Tempus column today does quite a good job analysing Stagecoach's recent (fairly creditable) performance.

But he ends up talking, as most analysts do, of upcoming sector consolidation.

Have any of these deep thinking hacks paused for a moment to think what the Competition Commission response will be?

The Government contracted passenger transport industry is already reduced to a handful of serious players.

Any fewer and CoCo will, rightly, see huge conflicts of interest.

What buses and railways want are more varied and interesting players rather than the present narrow field dominated by European nationalised railways and Scottish bus bandits.