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Fear of government asset stripping triggers Midland Scottish meeting

14th July 1988, Page 15
14th July 1988
Page 15
Page 15, 14th July 1988 — Fear of government asset stripping triggers Midland Scottish meeting
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Which of the following most accurately describes the problem?

• Busmen from Midland Scottish Omnibuses, who are considering buying out the company following Scottish Secretary Malcolm Riflcind's decision to privatise its parent Scottish Bus Group, are to meet councillors from Central Region.

This follows a report from the council's director of roads on the possible effects of the sale on local employment, viability of depots and provision of services, especially in rural areas.

The report said that it would be difficult to establish what the company would he worth on the market as the Government would probably strip it of its surplus properties and revenue/capital resources.