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OK OK, I didn't quote your exact words. You said it offers them security, and gave an example of a "guaranteed [margin of] 7.5%". That's what I (tried to) take issue with - you cannot guarantee the margin. As radamfi says, the de-regulated market is actually quite low risk. There's certainly...

From the Bus and Coach article, we know that... http://busandcoach.com/news/articles/cameron-springs-cornish-surprise-with-powers-for-bus-franchising/ "The deal is described as ‘fiscally neutral’, meaning there is no extra money" (plus "the council stresses that it still has to make overall...

That wasn't the point - I didn't talk about that bit. You said that London offers complete certainty. I pointed out that it doesn't.

You have certainty for five years, and then complete uncertainty after that. You might start loosing all your contracts, as Arriva London has been doing at an alarming rate over the past couple of years. Plus, whatever the margin is you're making on TfL work, it's not guaranteed to stay the...

It's ironic, given the major instability in Cornwall was the collapse of Western Greyhound, itself triggered by huge cuts made by... Cornwall Council... Doubly ironic is that - now that's over - things are much more stable, with First Kernow much better now than a couple of years ago. The...

There was also the issue of building a new non-guided busway, then at the next election a different party coming to power and opening the whole thing up for cars (which was actually a genuine concern in the Cambridge case). Probably with reason - given some of the Runcorn busway has been...

But Edinburgh tram went horrendously wrong in construction too, and well over budget, as well. Just because the Cambridgeshire busway construction was dodgy, doesn't mean all busways are bad - likewise, not all tramways go well. At least Cambridge busway was actually finished to its original...