Andy Burnham explains how England's £2 bus fare cap will be funded

What's OnWhat's On NewsAndy BurnhamThe scheme will cost £500 million13:40, 25 Jul 2026Andy Burnham is facing questions about he will fund his pledge to cap bus fares in England at £2.‌The maximum price will be reinstated in January and be in effect throughout 2027.‌The Labour government insisted the scheme was costed, with estimates sitting at more than £500 million.‌READ MORE: Hidden cost of watching your kids graduate in Birmingham - and it quickly adds upOf that, it said £400 million would come from replacing grants for international climate projects with loans.Asked by journalists how it would be paid for, the new Prime Minister said his government was "re-prioritising" its budget.‌He said: “Good, affordable transport links are essential. No one should be priced out of those and left b