Just yesterday I read in the bus industry trade press that the DfT underspent in 2010/11 to the extent that it was required to hand back to the Treasury no less than £543million.
This was after making the savings required of the Department in the first place and the Transport Select Committee, in its report published last week, has said that this is likely to have exceeded the total reduction in the money paid to the bus industry following the Spending Review.
In other words it seems that these very damaging cuts in payments to bus operators need not have been made. I believe that bus passengers who are losing their bus services and are seeing big fare rises, or will to do so very soon, have every right to be extremely angry to find out that these could have been avoided.
The Committee notes that the DfT accepted a budget cut of £683million and then under-spent on its revised budget by over £1billion, calling into question whether the in-year cut was necessary.