Ticket to rise
Daily Mirror UK|October 28, 2024
>>Fears £2 bus fares face axe >> Journeys could soar by £10
DAVE BURKE
Ticket to rise

BY DAVE BURKE Political Correspondent MILLIONS of passengers could face huge bus fare hikes if Rachel Reeves scraps the nationwide £2 cap as expected on Wednesday.

The Chancellor claims axing the cost of living lifeline will save the Treasury £350million a year.

But in the worst hit places that would result in a rise of more than £10 a trip. Leaked research at the weekend suggests every £1 spent on keeping fares low generates between 71p and 90p in social and economic benefits. This means it is "not financially sustainable" for taxpayers or bus firms, analysis for the Department for Transport found.

This story is from the October 28, 2024 edition of Daily Mirror UK.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

This story is from the October 28, 2024 edition of Daily Mirror UK.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.