Friday, May 3, 2024

Government gives bus firms money to cap fares at £2 until June

The government has announced plans to provide up to £75 million more for bus operators to cap single bus fares outside of London at £2 until the end of June, saving passengers money and encouraging more people back on the bus. With the average single local bus ticket costing £2.80, passengers can save almost a third of the ticket price. Bus operators that are continuing the £2 fare cap scheme will be confirmed in due course.

During the pandemic, bus usage dropped as low as 10% of pre-pandemic levels, and the government has provided financial support totalling more than £2 billion since March 2020.

With people using buses still at around 85 to 90% of pre-coronavirus (COVID-19) levels, there are a number of ongoing challenges for bus operators. The government is working closely with the sector on the challenges they face with changing travel patterns since the pandemic and will continue to work on delivering the National Bus Strategy.

The government’s existing £60 million investment to cap single bus fares has already shown early signs of increased bus use, with an independent survey of 1,000 people from passenger watchdog Transport Focus showing 7% of people saying they are using the bus more. During these difficult economic times, these trends already indicate that the government’s support to cap fares is a welcome intervention, helping families, commuters and all passengers to ease the cost of living.

Transport Secretary Mark Harper said: “Travelling by bus remains the most popular option for commuters and families across the country, but the sector is still trying to recover after the end of the pandemic.

“We’re providing a total of £155 million to help passengers save money on fares, get more people on the bus and protect vital bus routes – helping with the cost of living and enabling people to get where they need to in an affordable and convenient way.”

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