He added: “We’re providing £155 million to help passengers save money on fares, get more people on the bus and protect vital bus routes.
“This is helping with the cost of living and enabling people to get where they need to in an affordable and convenient way.”
It is thought the fare cap intervention will offer support to families and commuters, but ideally to all passengers to ease the rising cost of living.
The £2 fare cap is likely to be useful for those who are not eligible for the free bus pass or concessions on travel.