London's Buses 1979-1994

In 1979, fresh from its general election victory, the Conservative government began formulating plans to deregulate bus services and privatise the companies operating them in England, Scotland and Wales. London was not to be excluded, so from the outset, London Buses was broken up into several areas and from 1985, a tendering system was introduced which permitted other operators to bid for the routes. Opposition from the Labour group at the Greater London Council had to be dealt with – eventually achieved by abolishing it in 1986. However, as each subsequent year passed, promises that deregulation was coming were not met. In late 1992, the privatisation timetable was set, and was ultimately completed at the end of 1994. The issue of deregulation never resurfaced.