If the emerging consensus is that the only people who benefit from the cap now are....
1. those in rural areas (except where cuts have denied them a bus at all)
2. those in areas where there is a misalignment in administrative and population boundaries
3. some (but not all, Canterbury £5.70, High Wycombe £5.00 etc) towns in the home counties eff
....then it becomes even clearer that this was an act of extreme folly by the Treasury.
The economic benefit of buses are legion, from accessing vital public services to social mobility, far outweighing the relatively meagre cost of this subsidy (as someone pointed out, Southestern alone is costing £400m a year, some of which is presumably resulting in absolutely absurd situations where if the cap has been done away with entirely, it would cost less to get from Chatham to St Pancras in 40 minutes than to take a 40 bus ride across Chatham).
The bus Industry is still on its knees. Growth has yet to even begin to mitigate inflation (wages, fuel, parts) or other forms of post-pandemic instability (rates, supply chains, labour shortages). The very last thing it needs are changes that make absolutely no sense from the perspective of what was best for its long term future.
A change that surely means that in almost all instances where the bus is a long suffered first, last and only resort, the cost to the user of this basic public service has now either gone up, or is now dependent on the economics of other modes and non-bus related central government funding, which has historically never been a situation where the bus is prioritised over those other modes. Pun intended.