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Stagecoach Ultimate example of Tory Asset -stripping? Rate Topic: -----

#1 User is offline   SocraticCFC 

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Posted 22 October 2023 - 11:31 AM

Just started using Stagecoach buses again - now and then. £2 to go 12 miles to Sheffield. £2 to go 2 miles to Ashgate.
Great govt backed scheme to a point but won't get the short-distance user back.
Importantly, just found out Stagecoach are now owned by a German Infrastructure Investment Company. This is taking the p***.
What was once a council owned Chesterfield Transport, privatised in 1986 by the economically and financially illiterate Thatcher Govt, the accumulation of capital was only going to go one way - not competition but a monopoly
that could do what it wanted.
This represents the latest of decades of asset-stripping and foreign ownership/running down of services (see water, rail etc.) and we all know what that means. Profit. A business no doubt exists to make as much money as it can
within the rules. Until this changes .i.e franchising at best, this sorry tale of asset stripping and profiteering in public transport is a move away from this destructive philosophy of the last 40+ years ( when applied to public services)

Not sure Labour has the will or the financial means to change things but the sooner we get rid of this vile, self-serving bunch of gaslighters the light comes at the end of the tunnel - quite literally.
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