£2 bus fare cap evaluation
The £2 bus fare cap was launched by the DfT on 1 January 2023. It was originally due to run until 31 March 2023 but has since been extended for an additional 3 months to the end of June 2023. During this period, bus operators can voluntarily implement a £2 cap on eligible single tickets for adults.
The aims of the fare cap are to save passengers money and encourage more people back on the bus.
The Department for Transport (DfT) has commissioned an independent evaluation by Frontier Economics and SYSTRA of the £2 bus fare cap. This evaluation will gather evidence on the extent to which the fare cap achieves its aims of saving passengers money and encouraging greater bus usage.