Thursday, 29 April 2010
This from the BBC's Nick Robinson...
The American economist David Hale says that the governor of the Bank of England has told him that the next British government will need to launch an austerity drive so tough that it will threaten its political survival, potentially leaving that party out of power for a generation.
Farewell electrification, Crossrail, a new Thameslink fleet, add your own pet project here, etc...
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.