A bus company in Bristol is considering the future of bus fare prices after the removal of the £2 cap. The Prime Minister announced that the cap will be increased to £3 for single journeys in the upcoming Budget. This decision is part of an effort to address a £22 billion deficit in public finances.
While the government has not specified an immediate increase to the £3 cap, First Bus in Bristol has stated that no decisions have been made regarding potential price rises. The company is in favor of a staggered approach to any changes in bus fares. This approach aims to minimize the impact on customers, especially those who rely on buses for affordable travel, such as those in rural areas.
The Confederation of Passenger Transport (CPT) has expressed support for the government’s decision to implement a managed exit from the £2 fare cap. However, they acknowledge that an increase to £3 may pose challenges for passengers, particularly those who depend on buses as their primary mode of transportation. CPT is committed to working with government and local authorities to ensure that passengers are informed about fare changes and have access to various ticketing options.
Graham Vidler, the Chief Executive of CPT, emphasized the importance of a consistent funding strategy to support the transition to a £3 fare cap. Without adequate support, essential bus services, especially in rural and underserved areas, may become unsustainable over time. Vidler highlighted the need to balance affordability for passengers with the viability of bus services.
Overall, the future of bus fare prices in Bristol remains uncertain as the industry navigates the transition from the £2 cap to a £3 cap for single journeys. It is crucial for stakeholders to work together to ensure that bus services remain accessible and affordable for all passengers, regardless of their location or income level.
