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NBC buy-out?

2nd March 1985, Page 21
2nd March 1985
Page 21
Page 21, 2nd March 1985 — NBC buy-out?
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Keywords : Gwyneth Dunwoody, Labor

TRANSPORT SECRETARY Nicholas Ridley said this week that he hoped the tax relief provisions to enable National Bus Company employees to buy the company would prove helpful.

Mr Ridley told MPs in the Commons that it would be "most desirable" for employees of the subsidiaries to be able at the least to participate in shares schemes.

Shadow Transport Secretary Gwyneth Dunwoody urged Mr Ridley to accept the evidence of stockbroking firms that the viable number of companies which could operate services was much larger than the 40 or 50 companies that he seemed to demand.

• The Transport Select Committee is hoping to publish its report on the financing of public transport on Monday.

But there were fears last week, as CM went to press, that the sheer size of the report — 152 pages — would make it impossible for the MPs to reach agreement when they met on Wednesday.


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