UK taxi and minicab turnover falls for the first time in five years

Taxi and minicab turnover has fallen for the first time in five years according to a report out from account Moore Stephens. Analysis of the UK's biggest taxi and minicab firms noted that turnover had dropped 3% from £495m in 2014/15 to £479m in 2015/16. Before that there had been good constant growth, despite Uber's arrival since 2011/12. 

Moore Stephens attributes the 3% drop to Uber's growth in new UK cities. However, TaxiPoint would add other variables such as a stagnated economy, uncertain political arena, traffic congestion and a drop in tourism to the possible reasons.

Source: City AM

CVAugbanner.gif
  • Facebook TaxiPoint
  • Twitter TaxiPoint
  • YouTube TaxiPoint
  • Instagram
ltda banner.JPG

TRENDING...

VEHICLE...

Cabbies Do Kili Oct Footer Banner.jpg
Market Footer .gif

COVID-19...

ltpr.GIF
TAXI INSURANCE MMC October 2020.gif
TaxiPoint- 300x200px Taxi GIF PLAN AUG 2
private hire cover from Utility Saving Expert

The views expressed in this publication are not necessarily those of the publishers.

All written and image rights are reserved by authors displayed. Creative Common image licenses displayed where applicable.

Reproduction in whole or in part without prior permission from the publisher is strictly prohibited.

All written content Copyright of TaxiPoint 2020.