Concessionary Bus Travel Bill [Lords]

Does the hon. Gentleman accept that the privatisation of the bus companies might prevent the problem that he has described? Through competition, the various operators are able to offer lower fares, but it would be difficult for one to hike up costs to get greater reimbursement from central Government, via the local authority, because a rival could respond by submitting a cheaper tender the following year. Is that not one of the advantages of privatisation and competition? That approach has been robustly supported by the Opposition—and, more recently, even by Labour Members.