Member

In any event, local authorities and metro mayors can also fund their own schemes to keep fares lower than £3, as is happening in West Yorkshire, Greater Manchester and the West of England. The £2 national fare cap has been shown to deliver relatively low value for money, which would only worsen over time as the cost of maintaining fares at £2 grows. Noble Lords have already heard from me on the first day of Report that, although the cap increased from £2 to £3, individual fares rose only by inflation above £2 and, of course, most urban bus fares were under £2 to start with. On that basis, I ask the noble Baroness not to move her amendment.