- Millions of bus passengers across the country will continue to benefit from the £2 bus fare cap thanks to the Conservative Government’s long-term decision to redirect HS2 funding.
- Supported by almost £600 million of Conservative Government funding and boosted by redirected funding originally intended for HS2, bus fares will remain capped at £2 until December 2024. This extension will kick in from 1 November 2023.
- This means millions of passengers will benefit from cheaper travel – thanks to the new Network North plan to improve transport for more people in more places.
Rupert Matthews has welcomed the Conservative Government’s decision to extend the £2 bus fare cap, bringing cheaper journeys to people across Leicester, Leicestershire and Rutland.
The bus fare cap had been due to rise to £2.50 but thanks to the Conservative Government’s decision to reinvest HS2 funding in ‘Network North’, it will remain at £2 across most of England until the end of December 2024.
This extension is only possible due to £36 billion of funding being redirected from HS2, funding the ‘Network North’ plan.
This plan takes the total government investment to keep bus fares down to nearly £600 million – with over 140 operators signing up to continue offering the cap across more than 5,000 routes.
The Conservative Government is taking long-term decisions to make life better for the British people, and delivering on its five priorities to halve inflation, grow the economy, reduce debt, cut waiting lists and stop the boats.
Commenting, Rupert Matthews said:
“That is why I am delighted the Conservative Government has taken the decision to the much-loved £2 bus fare cap across most of England.
“This will help people to keep costs down, as the Conservatives take the long-term decisions to halve inflation, grow the economy, and reduce debt.”
Commenting, Transport Secretary, Mark Harper, said:
“Buses are the most popular form of public transport and help people across the country get to work, attend medical appointments, and see loved ones – that’s why we are extending the ‘Get Around for £2’ scheme all the way to 31 December 2024.
“Extending the £2 bus fare cap has only been possible with the redirected HS2 funding secured by this Government making the right long-term decisions for a brighter future, delivering immediate benefits and helping people save money.”