EYMS has revealed to the Hull Daily Mail that fare increases of up to 10% and cutbacks to rural and low frequency routes are likely. Staff redundancies cannot also be ruled out. This is down to cuts in concessionary fare payments, of which details are expected in December from local councils. Additionally the cut in BSOG (Bus Service Operators Grant) will increase costs from 2012. EYMS fears their losses could be £2.25 million a year, compared to a £600,000 profit last year.
Stagecoach have said they have no immediate plans for fare increases or service reductions.
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