
The government has announced that the £2 cap on some bus routes will be extended until 31 October. The cap will then be increased to £2.50 until November 2024.
Transport secretary Mark Harper confirmed £300 million of funding to "protect vital routes and improve services until 2025 that people rely on for work, education, medical appointments and shopping."
There will also be £200 million to continue capping single bus fares at £2 outside London until the end of October 2023 and then at £2.50 until 30 November 2024.
Transport Secretary Mark Harper said: "Taking the bus is the most popular form of public transport and millions of people rely on these vital services every day.
"That’s why we’re investing half a billion pounds to help people save money amid cost of living pressures and continue to level up transport in all parts of the country, doing our bit to help halve inflation and grow the economy."
Prime Minister Rishi Sunak said: "By extending the £2 fare cap, we’re making sure bus travel remains accessible and affordable for everyone while helping to ease cost of living pressures.
"Buses connect our communities and play a vital role in growing the economy; they transport people to work, take our kids to school and make sure patients can get to doctors’ appointments.
"That’s why we’re determined to protect local routes and encourage more people onto the bus, ensuring people can get around easily and in an affordable way."