May 23 – Interim report of the £2 bus fare cap.
The £2 bus fare cap was launched by the Department for Transport (DfT) on 1 January 2023. The scheme supported bus operators to implement a £2 cap on eligible single tickets for adults.
The aims of the fare cap were to save passengers money and encourage more people back on the bus. The DfT has commissioned an independent evaluation by Frontier Economics and SYSTRA of the bus fare cap, focusing on the early observations from the first month of the scheme.
Observations from the first month include:
- Respondents in the North West were most likely to report paying a £2 fare and those in the South East were least likely
- Respondents in urban areas were more likely to report paying a £2 fare than rural areas
- Respondents with a household income of up to £50,000 were more likely to report paying a £2 fare than those with a higher household income
- Respondents without access to car/van as a driver were more likely to report paying a £2 fare than those with
Read the full report: £2 bus fare cap interim report
