If we could get our hands on the books you will find we could save even lots more.

I believe 10% of the subsidy is clear profit for ICW give or take that’s around £200,000 which is a lot of money for the tax payer.
The question is how many directors are there in this company and how much are they getting paid for doing nothing.

Your idea of increasing the fares is OK but it should be to £1.50 per fare, I use buses in England a lot and you wouldn’t get anywhere for 50 or 60p you need at least £1.80.

The idea of paid parking is a none starter and the reasons why, the paid parking will be subsidising a profit making company which in turn pay their directors and MD inflated salaries and to top that up they have a nice Christmas bonus around £200k themselves, is not bad for a company which I believe does not own any assets.

I know you will never run the buses at a profit, but we can make a lot of savings and still run a decent bus service.

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Basically their report said that if you didn’t spend x millions a year subsidising the buses you could save x millions a year. Genius.

Their predicted savings of £3,623,000 over 5 years equates to £724,600 a year ….. which still leaves a subsidy of £1.5 million a year …

If Tibal know we can save this money, they must have worked out how …. so why can’t they tell us, why do we have to pay someone else another £100,000 ?

And if they don’t know how then they have just “guestimated” and made up a number ….. which makes their report pretty meaningless to my mind.

Here’s a suggestion …. put up the fares from 60p to £1.00. By my maths that alone should rake in at least £500,000 a year ….
Introduce a charge on long term parking, say 25p an hour, you’d have more money to spare than they’d know what to do with ….
problem solved, can I have my £100,000 please ???

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