Chancellor Rachel Reeves is expected to announce a fresh raid on £2 bus caps in her maiden Budget this Wednesday. Fares are estimated to quadruple if Reeves pushes ahead with the controversial move, with travel routes across the country expected to suffer. The £2 limit, introduced by the last Conservative Government, is no longer considered fiscally sustainable for taxpayers and bus operators, Department for Transport (DfT) analysis seen by The Times has claimed. The initial scheme has already cost £200million in the first 10 months of its implementation, with DfT analysis finding that each po…
