COMPETITION: PHV reps ‘APPALLED’ by rival black cab tariff increase which could stagnate Uber prices
Private hire driver representatives are ‘appalled’ at the low taxi tariff increase likely to be handed to London’s black cabs which could stagnate Uber prices in a bid to remain competitive.
The App Drivers and Couriers Union (ADCU) took to social media to share their dismay at the 7.61% increase which is likely to arrive in April.
If given the green light, the fares will rise across Tariff’s 1, 2 and 3 in late April 2023. TfL’s Finance Committee are set to meet on Wednesday 8 March to consider the recommendations put forward.
All of the taxi trade associations (London Cab Drivers Club, Licensed Taxi Drivers’ Association, RMT, United Cabbies Group and Unite the Union) submitted a joint response in support of a higher 11.64% increase, emphasising the need to increase tariffs to maintain driver earnings in the face of rising costs, and provide continuity of supply by ensuring driving remained viable.
The ADCU are concerned that the 7.61% increase represents a ‘real terms pay cut’ and could have a knock on affect on their members driving for ride-hailing firm Uber.
An ADCU spokesperson said: “Appalled at TfL Taxi and Private Hire proposal of a 7.6% tariff increase for London's hard working black cab drivers - a real terms pay cut.
“Without at least a 15% increase black cab drivers enter precarity and Uber driver pay will be driven further down in TfL's race to the bottom. Time to strike!”