00:00We are going to give you the opportunity to buy a new annual VBUS pass from your credit union
00:08and you'll be able to pay for it via weekly instalments or monthly instalments
00:15and that will be the pass that people would buy up front if you like for 800 pounds if you were
00:21going to go into a TFGM shop you would pay your 800 pounds and get the annual pass.
00:25What we're saying is we're going to give everybody the opportunity to sign up to a credit union
00:30and then at that point they will be able to pay weekly or monthly to get the annual pass and all
00:36of the discount that comes with it and people will be able to do it via payroll as well.
00:43Credit unions I think allow people to do it via payroll so this is really going to help
00:49people who are still struggling with the cost of living. The latest Greater
00:53Manchester residents survey says that over 50 percent of residents in Greater
00:58Manchester say they are struggling still with the cost of living and over 50 percent say it's
01:02affecting their mental health their well-being so these pressures are still massive on people
01:07and myself and the other 10 leaders of Greater Manchester are thinking of ways
01:10how can we relieve these pressures on people how can we reduce the cost of public transport which
01:15we control now so we can do something more to help our residents. So what does it mean for
01:21people if you were to sign up with a credit union and you were to get an annual VBUS pass
01:26to use any bus in Greater Manchester not just the ones in your area any bus unlimited the new
01:32night buses we're introducing every single bus in Greater Manchester unlimited travel you will save
01:39£5 on the current weekly because the weekly payment will be about £15 so immediately you'd
01:46make a £5 saving per week if you were buying weeklies you would make £5 saving £20 over a
01:52month is the saving and over the course of a year you will save £240 on the cost of your
01:59the cost of your travel. So I hope you can see that this is a really beneficial scheme
02:04for our for our residents and I'm really proud to be standing with our our credit unions today
02:11Co-ops UK who support our credit unions and Salford City Council who do a lot as a council
02:17to help to help our residents.
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