The new British Prime Minister has presented a new measure to alleviate the cost of living: after the abolition of VAT on electricity bills, announced yesterday, Andy Burnham today lowered the cap for bus tickets across England from 3 to 2 pounds.
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The measure, which will take effect in early 2027, “will really help people spend less and have more money in their pockets,” the Prime Minister said, emphasizing that “it is essential that public transport is reliable and affordable.”
The change does not concern London, where Mayor Sadiq Khan has long set a cap of 1.75 pounds for bus tickets, but it will help millions of Britons by reducing costs by up to a third in some areas of the country.
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The idea of lowering bus fares, also to encourage people not to use cars, is not entirely new, as the Conservative Government had introduced the 2-pound cap in January 2023. The Labour Executive led by Keir Starmer had decided it was too expensive and last year had brought the maximum price back to three pounds.
The estimated cost of the measure is 500 million pounds per year, which will be largely covered by the “reallocation of resources” from the Ministry of Energy. In practice, to avoid increasing debt, funds will be recovered by converting what are currently donations for international projects to mitigate global warming into repayable loans.
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