BRITS are set to fork out more for bus rides as Sir Keir Starmer has confirmed he will scrap the popular £2 fare cap.
The Prime Minister announced fares will jump to a new £3 cap, hitting people in the pocket just before Christmas.
AlamyThe Prime Minister confirmed the £2 cap will not be extended[/caption]
BBC/UNPIXSSir Keir Starmer gives a speech to prepare the ground for Wednesday’s Budget[/caption]
The £2 limit, in place since January last year, had kept fares down for millions of passengers.
Blaming the previous Conservative government, Sir Keir said: “The Tories only funded it until the end of 2024.
“That is the end of the funding in relation to the cap.
“I do know how much this matters, particularly in rural communities where there’s heavy reliance on buses, and that’s why I’m able to say to you this morning that in the Budget we will announce there will be a £3 cap.”
The Prime Minister’s comments came as he delivered a speech ahead of the Budget on Wednesday.
Setting the tone for the Chancellor’s address, the PM said he will defend tax rises “all day long” as he painted a gloomy picture of the state of the public finances.
But he pledged the Budget will put “working people first”, reiterating his pledge not to increase VAT, national insurance and income tax.
Published: [#item_custom_pubDate]
