Formation of London Buses
In June 1984, in the general move towards deregulation, responsibility for running London bus services transferred from the last public body running London's buses, the Greater London Council (GLC), to London Regional Transport (LRT) under the London Regional Transport Act 1984. This Act obliged LRT to set up a wholly owned arm's-length subsidiary to oversee operation of bus services, and on 1 April 1985 London Buses Limited came into being.
Initially, bus livery continued to be all-over red with a simple solid white roundel, but in 1987 this livery was revised with the addition of a grey skirt and a white mid-level relief line; in the same year a modified red and yellow roundel, with the name 'London Buses' in capitals, was introduced.
Read more about this topic: Privatisation Of London Bus Services
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