Yesterday, I made two journeys on a 157 bus and two journeys on a tram using
Pre Pay. I was deducted 70p for each journey and on each occasion the
remaining balance was displayed.
I believe that "fare capping" is not in operation and this seems to be
verified by the fact that the web site shows my balance as £7.20. Whereas I
believe a one day bus pass is currently £2.50.

Ian

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