Consider the argument raging over PPP and the London Underground. The Transport for London website states that there are 434M passenger journeys each year on the Tube and the public private partnership is to raise £13bn over 15 years - say £1bn a year.
This equates to only £2.30 per passenger journey. Why then can't London commuters pay a proper price for their journeys?
After all, house prices in the South East reflect the close proximity via transport links to the centre of UK economic activity.
Two x £2.30 x 250 days equals £1,150 a year, this must be much less than house price rises in recent times. There appears to be no need for PPP or bonds. Why then are we letting politicians and Bob Kiley argue over issues of secondary importance?
Neil Morton (F), Manchester, email@example.com