As reported in the Sunday Mirror and the Sunday Times, Michael has highlighted new figures that reveal that since 2010, over 1,300 routes in England have been cut and fares have risen by 25 per cent – an increase five times faster than wage growth.
At the same time, the big bus companies have been cutting crucial routes that people rely on to maximise their own profits. The new figures also show that top executives are cashing in on bumper bonuses.
Quoted in the articles, Michael said:
“There are so few operators that it seems like a bus cartel running local busses in this country, with bus barons giving themselves massive bonuses while cutting crucial routes and hitting passengers with fare increases of 25 per cent since 2010.
“Buses are the lifelines of our cities, counties, towns and villages. They reduce congestion, get people to work, drive economic growth and keep communities alive.
“Like the energy firms, the bus market is broken. Labour will introduce a new policy for local bus services. We will act fast and legislate to give cities and county regions greater control over local bus services. This will mean that they will be able to determine routes, set fares and integrate bus services.
“We want to hand regions that want it the power to regulate their bus services so that local people and local businesses get the public transport system they need and expect.”