Transport Act 1985
The Transport Act 1985 was from the Parliament of the United Kingdom legislation passed. He introduced the deregulation of urban bus traffic in the UK and allowed regulators to deregulate bus traffic on a trial basis. It was passed by Margaret Thatcher on the initiative of the Conservative government . With the Transport Act 1980 , supra-local bus traffic was already deregulated.
The deregulation applied to all intra-urban bus operators throughout the UK except Greater London .
The deregulation came into effect on October 26, 1986. Local authorities were asked to transfer bus routes they owned to separate companies that were not under the direct control of the authorities. Most of these municipal companies have been privatized with a few exceptions. A franchising system was introduced for Greater London .