
'Drastic' action needed to save Cambridgeshire £1 Tiger bus pass
A mayor who pledged to retain a discounted bus scheme warned it was in danger of being lost unless "something drastic" was done.The Cambridgeshire and Peterborough Combined Authority's (CPCA) Tiger bus pass allows people under 25 to travel for £1 and has been used on more than a million journeys.It was introduced by former Labour mayor Nik Johnson, with his Conservative successor Paul Bristow promising it would stay in a BBC interview last month.A recommendation on how to continue funding it beyond the end of the year was not agreed by the CPCA board and will be discussed again at a transport meeting on 25 June.
Chris Boden, leader of the Conservative-led Fenland District Council, had argued the council should not continue its local bus fare cap beyond December, when it is currently due to end, and instead fund the Tiger pass.Maintaining the Tiger pass once the national £3 bus fare cap had also ceased in December could mean the CPCA would have to reimburse bus operators to the tune of £473,000 a month, and £6.2m a year, a report to the board stated."If we don't take some quite drastic action, which involves a large amount of money being shifted around in the budget, then the Tiger pass will stop," he warned.He argued the Tiger pass must be continued to build up passenger numbers but would otherwise run out of funding in the autumn.The measure could run until March, he said, when a new budget and proposal would be put forward.
"We have an opportunity here with £1.8m in the budget for the fare cap coming on December 31," he said."If that money were utilised towards the continuation of the existing Tiger pass to March 31, that would be a very significant part of the funding needed for that."Speaking in support of the proposal, Bristow said: "We are in danger of losing the Tiger pass if we don't do something drastic."What people want is continuity and security."Lucy Nethsingha, leader of the Liberal Democrat-controlled Cambridgeshire County Council, said she thought the Tiger pass was a "priority" but would rather everyone had the correct figures before making a decision.Anna Bailey, leader of East Cambridgeshire District Council - led by the Tories - supported the recommendation and said the bus fare cap was the "wrong choice" when the Tiger pass was unfunded.Cambridge City Labour councillor Anna Smith, who was deputy mayor when the Tiger pass was introduced, suggested looking beyond the transport budget to find money for the bus pass.The Tiger bus pass and bus fare cap are due to be discussed at a transport meeting on 25 June before being brought back to the board in July.
Follow Peterborough news on BBC Sounds, Facebook, Instagram and X.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Times
28 minutes ago
- Times
Man Group orders 150 staff back to London office
The world's biggest listed hedge fund group has ordered about 150 of its London-based staff back to the office five days a week as it wrestles with the faltering performance of its main computer-driven investment business. Man Group said that its employees in the City who work at its AHL division had been asked to attend its premises full-time for a three-month period 'to support an 'all hands on deck' cross-team research project'. AHL is behind Man's core quantitative investment programs, which have been wrongfooted by violent moves in financial markets in recent months driven by abrupt changes in trade policy pursued by President Trump since his return to the White House in January. AHL's main investment strategy is down about 10 per cent so far this year and also only eked out a 3.19 per cent gain in 2024. • The 'super-prime' offices designed to lure WFH staff back in Man Group, which is a member of the FTSE 250, manages about $172.6 billion of assets and is one of the biggest names in the hedge fund industry. The London-based company has about 1,700 staff in offices around the world, including in New York, Shanghai and Sydney, and operates a flexible working policy under which employees typically come into the office three days a week. The edict for some workers to temporarily come in full-time, which was first reported by the Financial Times, applies to mainly quantitative analysts and spans May to July. A spokeswoman said: 'While these cross-team initiatives are infrequent, experience has shown that a period of highly focused, in-person collaboration allows significant research progress to be made in a relatively short amount of time. The firm's broader agile working policy remains unchanged.' It adds to a broader push in the financial services industry and beyond to cut down on hybrid working, which has become much more widespread since the Covid pandemic lockdowns forced most office staff into remote working. Staff at JPMorgan Chase, which is America's biggest bank and has a significant business in Britain, have been required to come in five days a week since March, while Amazon has expected the same since the start of the year.


Reuters
29 minutes ago
- Reuters
UK's Thames Water set for over $13.5 billion rescue deal by Silver Point and Elliott, Bloomberg News reports
June 6 (Reuters) - U.S. investment firms Silver Point Capital and Elliott Management are formulating a 10-billion-pound-plus ($13.53 billion) rescue package for Britain's Thames Water, Bloomberg News reported on Friday, citing people familiar with the matter. The deal will comprise a major debt overhaul, including a multi-billion-pound haircut for senior creditors, in addition to reductions already expected for junior Class B bonds, loans and around 3 billion pounds in holding company debt, the report said. The rescue package will provide an equity boost of between 3 billion pounds and 4 billion pounds to stabilize the utility's finances, according to the report. "The Creditors have submitted a detailed long-term turnaround plan that will fix the root causes of Thames Water's problems, restore its balance sheet, rebuild customer trust and fix the fundamentals of the business once and for all," a spokesperson for the creditors, which include Silver Point Capital and Elliott, said in an emailed statement to Reuters. Thames Water did not immediately respond to a request for comment. Thames Water suffered a major setback on Tuesday in its fight to avoid nationalisation, as it said U.S. private equity firm KKR (KKR.N), opens new tab had pulled out of a multi-billion-pound rescue plan. Britain's biggest water supplier is at the centre of a public backlash against the privatised water sector, which has been blamed for polluting Britain's rivers and seas while hiking bills and prioritising dividend payouts over infrastructure investment. ($1 = 0.7393 pounds)


Telegraph
31 minutes ago
- Telegraph
The curious case of the squatter archbishop
Justin Welby, former Archbishop of Canterbury, has finally left Lambeth Palace, I can disclose, months after formally standing down as Church of England primate. Welby resigned on January 6 over an alleged cover-up, but was allowed to stay at the palace as he did not own another home in the UK. He finally moved out last month. The two favourites to succeed him are Guli Francis-Dehqani, the Bishop of Chelmsford, and Graham Usher, the Bishop of Norwich. But we won't have a new 'ABC' until October, ahead of an enthronement in November. Catholics took a fortnight to choose a new Pope. Somerset showdown Are Brexiteers about to do battle in Somerset? A by-election is a possibility in North East Somerset. Former Tory MP Jacob Rees-Mogg is thought to be eyeing up the seat that he lost to Dan Norris at last July's election. But hold on! Arron Banks – the 'bad boy of Brexit' who funded Nigel Farage's 2016 referendum campaign – told me on GB News that he too is looking at standing (his home is five miles outside of the constituency). 'It will be a battle of the country house estates,' Bank tells me. Unless Rees-Mogg jumps ship to Reform, of course. Train to nowhere BBC political editor Chris Mason took the Caledonian Sleeper back from Glasgow after the Prime Minister's defence announcement this week, retiring to his bunk for the 400-mile journey after a dram in the buffet car. He tells me: 'In the small hours, drifting in and out of sleep, it did feel a remarkably smooth journey compared with my last nocturnal train odyssey'. He put it down to 'advances in rolling stock'. But he was awoken with a bang on the door at 5am. 'Morning gents,' said the guard. 'I'm afraid we are still in Glasgow. There's a tree down on the line.' Mason and his BBC team dashed to Edinburgh and made it back to Westminster for the late morning. 'It is all part of the rich tapestry of political reporting,' he says. 'And we got our money back.' Licence fee payers will be delighted. Swedish flag poles Reform UK wants Union flags to fly from its council flagpoles, but shouldn't the Foreign Office be doing its bit too? Whitehall credit card receipts show that David Lammy's department has just placed a £1,500 order for a new batch of miniature Union Jack flagpoles for official vehicles – from Gothenburg, Sweden. 'It is shocking,' says shadow foreign office minister Andrew Rosindell. 'Surely we should be supporting British flag manufacturers when it comes to purchasing flags of our own nation?' Farage's new limit The Spectator's resident magician Mark Mason hosted a quiz this week for the magazine's readers, asking: 'Nigel Farage has a self-imposed limit of how many pints, after which he won't let himself do live TV?' The answer, Mason said, is 'five'. But is that still the case? Farage, 60, tells me: 'Five was always the rule – but I was younger then!' Not even one for the road, Nigel? No queuing for Jezza Former Labour leader Jeremy Corbyn was spotted last week marching past a queue waiting patiently for Left-wing senator Bernie Sanders at the Methodist Central Hall in Westminster. He entered by the hall's stage door. Was he queue-jumping? His aide tells: 'Bernie and his team invited him backstage beforehand.' Er, OK. Perhaps some Very Important Members of the Proletariat are more equal than others. Bookish popstar What do hard-living pop stars do when they enter they grow older? Nick Rhodes, 62, the perma-blond keyboardist in 1980s band Duran Duran, with Simon Le Bon and John Taylor, has accumulated a library of rare tomes. 'I collect fine antique books and have quite the collection,' he told me at Chelsea's Saatchi Gallery. 'It's not generally something I broadcast... With rare books I have my preferences but I'm not saying what they are. If the dealers know it's me they put the price up.' Imperial record Peterborough reader Jeremy Havard got in touch after I told how British Weights and Measures Association wants the Commonwealth Games to replace permanently the 1,500 metres with a mile-long race. Havard recounted how his late father John, president of the Cambridge University Athletics Club in the mid-1940s, broke the London University record for the 100 yards. He says. 'Three years later the decision was taken to change the event to 100 metres, which meant he remained the 'current record holder for 100 yards' in perpetuity.' Havard always included the record in his Who's Who entry. And why not? Peterborough, published every Friday at 7pm, is edited by Christopher Hope. You can reach him at peterborough@