Labour tax hike has made some London bus routes unsustainable, says company boss

The boss of London’s biggest bus firm says hikes in National Insurance and rising inflation have made several bus routes “unsustainable” financially, it has been reported.

Chancellor Rachel Reeves, in her October 2024 Budget, increased the rate of employers’ National Insurance from 13.8 per cent to 15 per cent, starting from April 2025.