Fare Cap

[Stu]

Interesting wonder if andy Street will say anything

Nothing to do with him, participation by operators is voluntary.

[Ginger66]

Nothing to do with him, participation by operators is voluntary.

Diamond have summoned it up perfectly it's cheaper to buy their monthly pass.

Let's say you buy the monthly nBus at £58.00 which equates to £2.07p day and if you make six trips a day then it would equate to rough 0.34p a trip

[Tony]

Diamond have summoned it up perfectly it's cheaper to buy their monthly pass.

Let's say you buy the monthly nBus at £58.00 which equates to £2.07p day and if you make six trips a day then it would equate to rough 0.34p a trip

It is still good value, but very few people use a pass every day and even fewer make 6 journeys. You normally work it out a two journeys a day over 5 days a week

[Stu]

It is still good value, but very few people use a pass every day and even fewer make 6 journeys. You normally work it out a two journeys a day over 5 days a week

I pay £50 a month for my NX monthly Faresaver (by direct debit). Works out to £1.64 a day. (12 x 50 divided by 364 days - can't be used on Christmas Day!)

I make two journeys a day Monday to Friday, and make occasional journeys over the weekend. So for me, it is fantastic value.

If I follow your formula (12 x 50 divided by 52 x 5, then divide again by 2), I make that £1.15 per weekday journey.

[don]

Diamond have summoned it up perfectly it's cheaper to buy their monthly pass.

Let's say you buy the monthly nBus at £58.00 which equates to £2.07p day and if you make six trips a day then it would equate to rough 0.34p a trip

Indeed but this presumes everyone has the money to buy such passes, and effectively paying up front (and the operator getting prepayment).

The whole point of the £2 fare scheme is to bring additional people on the buses who want to pay as they use. That might not suit some firm's business models but that seems to be the point. And operators do get subsidised for it.

It remains to be seen whether Diamond's stance is a PR disaster and shepherding potential customers on to other operator's services, participating in the £2 journey scheme. It's all about helping the cost of living impact at the lower end of the income scale (though it might take income from period passes, people changing to pay as you go). 

[Ginger66]

Do you think some operators will keep the fare at £2 per single journey after 31st march.

[Rachvince53]

Do you think some operators will keep the fare at £2 per single journey after 31st march.

No. There will be a return to previous fare levels in my opinion. 

[Stu]

Do you think some operators will keep the fare at £2 per single journey after 31st march.

Only the ones that want to end up going bust or into administration.

[ellspurs]

This £2 cap is apparently being extended for another three months:

https://www.bbc.co.uk/news/business-64678990

[Ginger66]

This £2 cap is apparently being extended for another three months:

https://www.bbc.co.uk/news/business-64678990

Regarding the first month of the cap is there any indication passengers returning to use buses run by NX group.

[Coventrybususer95]

This £2 cap is apparently being extended for another three months:

https://www.bbc.co.uk/news/business-64678990

Might want to inform national express as there website still says until march 31st

[Ginger66]

Might want to inform national express as there website still says until march 31st

Wasn't the extension announced on Friday afternoon.

[Rachvince53]

Yes. However it takes a few days for the powers that be to update information on websites.

[Ginger66]

If NX goes on strike there's no benefit of the fare cap.

[Uptight]

£2 bus fare cap to be extended to 31st October 2023 then for 13 months afterwards at £2.50
https://www.gov.uk/guidance/2-bus-fare-cap