Question to the Department for Transport:
To ask the Secretary of State for Transport, whether her Department has made an assessment of the potential impact of the increased bus fare cap on public transport use in Lancashire.
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. The final evaluation of the £2 fare cap 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 Lancashire and right across England.