On Tuesday (10 September), CPT submitted a representation in advance of the UK Government’s Budget which will be held on 30 October, highlighting the urgent clarity required on the national fare cap, and that funding streams must be maintained over the next financial year to enable the sector to maintain current service levels.
New independent research commissioned by CPT from KPMG evaluates the scale and breadth of economic benefits delivered by local bus services to the British economy and highlights how investment in them by government offers excellent value-for-money
The fourth report from an independent industry-wide survey of bus industry operating costs confirms a significant slowdown in the rate of increase in the twelve months to February 2024, At the same time, analysis of the figures suggests that a 10% increase in bus speeds has the potential to deliver 135 million miles of extra services each year at no extra cost.
CPT looks forward to working hand in hand with the government to deliver change which benefits passengers across the whole country, prioritises buses in order to curb congestion and air pollution, and drives swifter progress towards the UK’s climate targets