OFT refers UK bus market to Competition Commission

The Office of Fair Trading has referred UK local bus services, excluding London and Northern Ireland, to the Competition Commission. 

This decision follows consultation on the results of an OFT market study into the industry. The study found evidence that limited competition between bus operators tends to result in higher prices and lower quality for bus users and may represent poor value for money for taxpayers.

The study identified a number of features of local bus markets that could...

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