I agree with most of what has been said on this, but the VAT increase will not
affect public transport users because public transport is zero rated. If any
change has been made to this I haven't heard about it.
What will affect public transport is cuts in local government spending. Public
transport is one of the few areas where local government has no statutory duty
and where there is no consultation requirement (which means it's an area likely
to be targeted if local authorities need to make cuts quickly).