I think it's quite clear that BSIP is another scheme solely designed to funnel public money into places it shouldn't be, otherwise things like this wouldn't be funded.

As we've seen in Greater Manchester and Greater London, operators are openly welcoming franchising because it's nationalising the losses, and privatising the profits. And that's why big investment firms are snapping up the likes of Stagecoach, Arriva and GoAhead.

Labour will just hide the funnelling, and the proposed municipal operators will be priced out of any bidding process.