Featherstone Hill

Bus fare cap to increase to £3

Contact an expert

Two days before the Budget, the Prime Minister announced that the cap for single bus fares would be increased to £3 from its current £2.


The current fare cap is due to expire at the end of 2024. Without intervention, prices for some routes looked set to rise significantly. The new £3 cap will run until the end of 2025.


The cap means that no single bus fare on routes that are included in the scheme can exceed £3. Routes where the fare is less than £3 can only increase in line with inflation.


For workers that are reliant on bus fares, the new cap means an increase in their costs but at least continues to provide some relief.


See: https://www.gov.uk/government/news/over-1-billion-to-boost-bus-services-across-the-country-as-bus-fares-capped-at-3

November 11, 2024
Base rate drops to 4.75%

As had been widely expected, the Bank of England reduced the interest base rate to 4.75% last week. This was due to inflationary pressures easing in recent weeks.

Read article
November 6, 2024
Businesses count the cost of increases to Employers National Insurance

As has been widely expected in the last few weeks, the Chancellor, Rachel Reeves, made some significant changes to the Employers National Insurance (NI) rate and threshold in the Autumn Budget.

Read article
Update cookies preferences