Economics Explained
Clear explanations of current economic events, written for A-level students studying AQA or Edexcel Economics. Each article shows how real-world examples can be used to understand economic theory, strengthen analysis and improve evaluation.
The £2 Bus Fare Cap: Who Pays the Rest?
On 22 July 2026, Prime Minister Andy Burnham announced that eligible single bus fares on participating services across England outside London would be capped at £2 in 2027. We examine the policy through A Level Economics concepts including subsidies, price ceilings, price elasticity of demand, externalities and opportunity cost.