Am I mistaken in what the proposed Free Bus Travel for under 25's entails.
A). It will only apply to Under 25's where the local authorities introduce public ownership of bus services or franchising . In other words only authorities that oversee the removal of privatised bus companies/services in their area and shift to Public Ownership ( eventual Nationalisation no doubt).
B) The cost , which is being challenged as too low, will be £1.4bn a year by the end of a five-year parliament, with franchising or municipalisation of services likely to be staggered. It will be funded by using ' about ' a fifth of the income from vehicle excise duty revenues, forecast to be £6.7bn in 2021, which the present government has currently allocated to road building.
Alongside taking the funding out of the vehicle excise duty revenue Labour would " widen the hypothecation and use the pledge of the shadow chancellor, John McDonnell, for a £250bn National Transformation Fund to pay for road building, to be paid for by government borrowing.".
C). I am very happy to be challenged on my next point but is the Transport for London scheme a working image of what Labour is proposing?
If so doesn't Transport for London already have a £1 BIllion deficit ?.
London Mayor Khan said he was “delighted at this promise that the next Labour government will enable us to provide a huge extra boost for the capital by offering free bus travel to all under 25's”.
Am I being cynical but would he not be ' highly delighted' for the government to fund Free Bus Travel for under 25's in London not from his budget.?
D). It may not be a universal Free Travel for Under 25's in England but the 'spin' is good. It certainly is not 'Free' to the public purse and it will most likely only happen in larger Towns and Cities if they decide to purchase/run/staff/provide the bus service themselves .
As I say happy to be challenged on my thought as it is a proposal under scrutiny at this early stage so I may be wrong.