"Bus tickets no more expensive than 2 pounds" - Burnham: Decision, about 500 million pounds less in the English budget

The fare for a single bus journey across England will be capped at £2 from January next year, Prime Minister Andy Burnham has announced, as he continues to unveil initiatives aimed at reducing the cost of living in his first week as prime minister.
Currently, this national cap on fares is set at £3 until the end of March 2027. However, some areas, including London and Manchester, where Burnham imposed a £2 cap while he was mayor, have lower maximum fares for individual journeys.
The £2 cap overturns an increase proposed by former Prime Minister Keir Starmer and former Chancellor of the Exchequer Rachel Reeves in 2024. The same cap was in place between January 2023 and December 2024, but the former Prime Minister and Chancellor argued it was not financially viable. Several mayors, including Burnham when he was in charge of Manchester, decided to fund an extension in their areas.
“Good, affordable transport links are essential. No one should be overcharged and left behind,” Burnham said. “For too long people have said that cheaper transport is not an option. I don’t accept that. I’ve done it before and I’ll do it again: a £2 cap on bus fares for millions of people across the country.
"Lower fares will help people get where they need to go," Burnham added. The cheaper bus scheme, which will be rolled out across England, excluding London, is expected to cost more than £500m. Around £400m of this will come from converting international climate finance investments into loans, some from savings in the Department for Energy Security budget and around £50m from Department for Transport funding that has already been set aside.
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