It appears also that "the regulator's view is that these [new efficiency targets] are perfectly reasonable and there's not a snowball in Hades' chance of the MMC being persuaded otherwise".
What is the point of the MMC if its decisions can be set aside or determined in advance so easily?
As to the need to see the Coopers & Lybrand and WS Atkins reports respectively on operating costs and capital expenditure, you paraphrase Ms Spottiswoode as saying, "Let's publish and be damned". We are delighted to read that she has made this positive decision in favour of transparency and, for our own part, eagerly await copies of the reports.
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