Transport secretary ‘100% sure’ new cap on bus fares in England is fully funded – UK politics live
Summary
England’s new government announced it will cap single bus fares at £2 starting in January, down from £3. The government says the policy is fully funded through £454 million, mostly from changing climate finance investments to loans and budget savings.Key Facts
- The new £2 bus fare cap in England will start in January.
- The cap lowers the current maximum bus fare from £3 to £2.
- The government claims the policy is backed by £454 million in funding.
- About £400 million comes from switching some climate finance investments into loans.
- The rest of the money comes from cuts in the Department for Energy Security and Net Zero budget.
- A cut to VAT on household electricity bills from October will be paid for by cancelling a digital ID scheme.
- Some critics say the digital ID scheme was never funded, questioning how the government will pay for new policies.
- Transport Secretary Heidi Alexander said the government is confident all new spending is fully funded and fiscal rules will be followed.
Read the Full Article
This is a fact-based summary from The Actual News. Click below to read the complete story directly from the original source.
