Introduction of the £2 bus fare cap on a single bus ticket on most services in England outside London from 1 January 2023 to March 2023.
Government announced plans to invest up to £60 million to introduce the £2 fare cap on 3rd September to assist in travel cost savings for passengers. The investment also makes clear the continued commitment to delivering on the vision for bus services set out in ‘Bus Back Better’, the national bus strategy. The introduction of the £2 bus fare cap continues the government’s record of providing the largest investment in bus services in a generation, in England outside London.
The fare cap will not apply to bus services in London where transport, including fare setting, is devolved to the Mayor of London. The announcement follows the agreement with Transport for London on a £1.2 billion multi-year settlement to secure the long-term future of London’s transport network, including bus services.
Funding was announced at a time when recovery funding was intended to cease but it was clear the sector was continuing to face significant challenges which could result in cuts to some services and people are facing increasing cost of living pressures. As well as supporting passengers by reducing the cost of bus fares, government continue to invest in bus services, in response to the unprecedented impacts caused by the COVID-19 pandemic but which would now be threatening the provision of services at a time when the public need bus services more than ever.