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Major Update on £3 Bus Fare Price Cap with Chancellor Rachel Reeves Announcement

  • Chancellor Rachel Reeves announced the £3 bus fare cap in much of England will be extended until March 2027 to support affordable travel.
  • This extension follows the initial £2 cap introduced by the previous government, with funding previously secured only until the end of 2024, prompting urgency for renewal.
  • The cap affects around 5,000 bus routes outside London and Greater Manchester, where transport is managed separately and the cap does not apply.
  • The Treasury allocates roughly £150 million annually for the fare limit, while the Spending Review announced additional transport investments worth £15 billion in the North and Midlands.
  • Extending the fare cap aims to ease the cost-of-living crisis, maintain access to opportunities, and reflects government efforts to boost economic growth and fairness nationwide.
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Thelocalreport.in broke the news in on Tuesday, June 10, 2025.
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