Cap on bus fares to stay in place until 2027, Rachel Reeves announces

Rachel Reeves increased the cap to £3 in her Budget last year (Picture: Carl Court/Getty Images)

The £3 cap on bus fares in much of England will remain in place for the next two years, Chancellor Rachel Reeves has announced.

Passengers around the country were facing a steep rise in the cost of a bus ride when the cap was due to come to an end later this year.

But in a win for the Department of Transport, the scheme has been extended until March 2027.

It will not apply...