The Office for Budget Responsibility ( OBR) estimates that inflation will be halved by the end of this year, and capping fares at £2.50 until November 2024 will create longer-term certainty for bus users over the next year. To help people with cost of living pressures and save on everyday travel costs, the government will also provide up to £200 million to continue capping single bus fares at £2 outside London until the end of October 2023 and then at £2.50 until 30 November 2024 – when the government will review their effectiveness and future bus fares. The Transport Secretary Mark Harper today () confirmed £300 million to protect vital routes and improve services until 2025 that people rely on for work, education, medical appointments and shopping.
Millions of passengers across England will continue to ‘Get Around for £2’ and access vital bus services thanks to £500 million in government funding, supporting people with the cost of living and ensuring long-term stability in the sector. funding boost will support the bus sector’s long-term recovery, taking total investment for buses to more than £3.5 billion since March 2020.new £300 million government investment will protect bus services into 2025 and keep travel affordable.£2 bus fare extended until 31 October to help passengers with cost of living and then £2.50 until November 2024.
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