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'No thanks' to Tory sales plum
Page 6
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CONSERVATIVE plans for selling off both the National Freight Corporation and the Natior Bus Company seemed unlikely to find a market with operators this week.
The plans came to light in a leaked report from Tory MP Nicholas Ridley to the Conservative policy-making body, which suggested that the two nationalised transport bodies should be among several publicly-owned bodies put up for sale under a Conservative Government.
But this week operators were doubtful about the prospects of buying parts of either the NFC or NBC.
One operator commented: "Think of the capital investment — it would be enormous."
Noel Wynn, of Wynn's Transport, now part of the United Transport Group, commented: "If I was ask for my advice on operatic)] or investment grounds th my answer would have to 'No'.
"For us to buy Pickfoi would mean that we hac near monopoly — and they ; five times larger than we ar he said.
And bus and coach ope tors were equally unwilling take on parts of the Natio. Bus Company which wo] inevitably add to problems finance and subsidies for th( No company that CM Spc to this week said that it wo be willing to take on any p of the operation — except some of the licences involI in such a break-up.
The message for the C, servative Party policy-mak from the industry this wl was one of don't bother — can't afford to buy you out z we don't want to!