National bus fare cap: When is the new fare introduced and how much does it cost?

The £3 bus fare cap will apply to most bus journeys in the UK, although not all routes will be involved - (Getty Images)

The government is raising the single fare cap on bus travel to £3 in a bid to keep public transport “affordable while ensuring it is fair to taxpayers”.

Prime Minister Sir Keir Starmer announced the £1 cap increase ahead of the October budget last week as part of a £1 billion funding boost for buses.