Councils to take control of local buses under government plan

Published On Sep 8, 2024, 7:46 PM

The UK government is set to give more local authorities in England the power to take control of bus services, aiming to improve local transport with a 'bus revolution'. This franchising system will allow councils to decide on routes and fares, enhancing service reliability. Some industry stakeholders advocate for minimum service guarantees and more funding. The Conservative opposition criticized the plans as unfunded. Concerns remain regarding the overall funding of these initiatives and whether they will indeed improve bus services.

Stock Forecasts

As local authorities aim to improve service reliability, bus operators that can partner with these local entities may see increased business opportunities, although short-term market uncertainty could pressure their stock.

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