Bus Fare Hike Mitigation
Government Funded Initiative
1 January 2025
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Responsible organisation:
Department for Transport
Summary
The UK Government has announced the extension of the £2 bus fare cap for single journeys until the end of October 2024, as part of a broader effort to prevent fare hikes and encourage public transport use. This initiative is backed by a £500 million package, which includes £300 million to protect bus services and £200 million specifically allocated to maintaining affordable fares for passengers.
Key Outcomes
Extended £2 Fare Cap: Single bus fares capped at £2 until October 2024, benefiting millions of passengers nationwide.
£500 Million Investment: Includes £300 million to safeguard bus services and £200 million for fare affordability.
Direct Support to Operators: Private bus companies receive funding to offset revenue losses and maintain operational viability.
Encouraging Public Transport: Aims to boost bus ridership post-pandemic and reduce reliance on private vehicles.
Sustainable Transport Goals: Aligns with broader government strategies for affordable and eco-friendly transport solutions.
Keywords:
bus fare cap
travel costs
transportation
Department for Transport
Summary
The UK Government has announced the extension of the £2 bus fare cap for single journeys until the end of October 2024, as part of a broader effort to prevent fare hikes and encourage public transport use. This initiative is backed by a £500 million package, which includes £300 million to protect bus services and £200 million specifically allocated to maintaining affordable fares for passengers.
Key Outcomes
Extended £2 Fare Cap: Single bus fares capped at £2 until October 2024, benefiting millions of passengers nationwide.
£500 Million Investment: Includes £300 million to safeguard bus services and £200 million for fare affordability.
Direct Support to Operators: Private bus companies receive funding to offset revenue losses and maintain operational viability.
Encouraging Public Transport: Aims to boost bus ridership post-pandemic and reduce reliance on private vehicles.
Sustainable Transport Goals: Aligns with broader government strategies for affordable and eco-friendly transport solutions.
Keywords:
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