Sale of Local Authority bus companies

[CX54 DKD (Moderator)]

RE: Sale of Local Authority bus companies

(20/12/2015 12:15)RSTurbo50 Wrote:  An interesting point to add. If Network Warrington were in so called Dire Straits...I.e on their knees making horrendous losses, would it make good business sense for the local authority to keep pumping money into a failing business? I very much doubt that especially if offers from some of the big guns were on the table. Therefore it can be concluded that maybe the company aren't doing too badly after all and maybe, dare we say making a profit?

I'm not suggesting they're making dire losses here but equally, if we 'dare' to say that they're turning a profit (or were at the time), then why the need to take out a substansial loan from the council and increase fares on a not infrequent basis? You've accused other people of skirting over or ignoring points you've made and posted, but you seem to be doing the same in defence of NW.

(20/12/2015 12:42)motormayhem1 Wrote:  I cant understand why the council couldn't disclose how much network warrington had loaned off them as i thought it should off been open to question seen as though its public money thats basically funded a bail out.
The one thing i would be annoyed at if i lived in warrington is that my taxes would be paying towards the network warrington operation but then getting charged a high rated fare along with it as well.

Surely something a Freedom of Information request should be able to identify given it's public money?