Question to the Department for Transport:
To ask the Secretary of State for Transport, what assessment she has made of the potential impact of the change in the bus fare cap on bus usage in North Solihull.
In the Budget on 30 October, the government confirmed it will invest over £150 million to introduce a new £3 cap on single bus fares in England outside London from 1 January until 31 December 2025. Under the plans of the previous administration, the current £2 cap on bus fares had been due to expire on 31 December 2024, and prior to the Budget, there was no further funding available to maintain the cap beyond this point.
The published interim evaluation of the £2 fare cap showed that patronage continued to recover following the COVID 19 pandemic and early evidence from the first two months of the scheme suggested the £2 fare cap may be playing a role in this recovery. The final evaluation of the £2 fare cap, including a further assessment of its impact on patronage will be published in due course.
Considering all its impacts, the fare cap is not financially sustainable for taxpayers and bus operators at £2. Capping fares at £3 will keep bus travel affordable while ensuring the cap is fair to taxpayers, helping millions of people access better opportunities, travel for less and protect vital bus routes, in Meriden and Solihull East, North Solihull and right across England.