- The government has announced that single bus fares across England will be capped at £2 from January.
- This initiative aims to provide affordable transport links and offer financial relief to people amidst the cost of living crisis.
- The scheme is backed by £454 million in funding, with £400 million to come from switching investment in international climate finance to loans.
- The total cost is projected to exceed £500 million, with the remaining funds sourced from the Department for Transport's existing bus budget.
- While a national £3 cap is currently in effect until March 2027, some regions, including Greater Manchester, already implement lower single ticket fares.
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