Moderation of Competition
As a way of protecting the revenues of Virgin Trains to enable it to pay franchise premiums to the government to partly recoup the cost of the West Coast Main Line upgrade, the Office of Rail Regulation inserted a Moderation of Competition in Virgin's Track Access Agreement. Until its expiry in March 2012, this prevented any other train operating or open access companies operating services in competition that would abstract revenue.
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Famous quotes containing the words moderation of, moderation and/or competition:
“The honest Man has, I know, that modest Desire of Gain which is peculiar to those who understand better Things than Riches; and I dare say he would be contented with much less than what is called Wealth in that Quarter of the Town which he inhabits, and will oblige all his Customers with Demands agreeable to the Moderation of his Desires.”
—Richard Steele (1672–1729)
“The honest Man has, I know, that modest Desire of Gain which is peculiar to those who understand better Things than Riches; and I dare say he would be contented with much less than what is called Wealth in that Quarter of the Town which he inhabits, and will oblige all his Customers with Demands agreeable to the Moderation of his Desires.”
—Richard Steele (1672–1729)
“Playing games with agreed upon rules helps children learn to live by rules, establish the delicate balance between competition and cooperation, between fair play and justice and exploitation and abuse of these for personal gain. It helps them learn to manage the warmth of winning and the hurt of losing; it helps them to believe that there will be another chance to win the next time.”
—James P. Comer (20th century)