Cabvision TaxiPoint GIF.gif

Are taxis in London about to receive a 3.6% tariff increase?

28 Jan 2018

 

 

Several trusted trade sources have revealed that taxi drivers in London could see an increase of 3.6% on average taxi fare.

 

The updated tariff proposed for April 2018 includes a 40p increase to the flag-fall and a 0.6% increase on the distance covered.

 

The increase would mean the meter in the capital starts at £3 instead of the current respective £2.60.

 

Tariff changes in London are made by the regulator Transport for London. The changes follow an equation called “cost indexing” which takes into account the expenses associated running a taxi. 

 

As initial vehicle costs rise due to the introduction of the new LEVC electric taxi the increase should not come as a surprise. 

 

However any increase to the tariff is expected to come under scrutiny by the local press and competitors.

 

This news follows a 2.5% increase to taxi fares in Glasgow who use a similar costing structure. 

 

Please reload

  • Facebook
  • Twitter
  • YouTube Social  Icon
  • Instagram Social Icon
  • Facebook TaxiPoint
  • Twitter TaxiPoint
  • YouTube TaxiPoint
  • Instagram

Featured Stories

Please reload

ltda banner.JPG
black.gif
advert gif.GIF
TaxiPoint--300x200px-MLP-GIF.gif
advert gif.GIF
advert gif.GIF
RSS Feed

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

 

All written and image rights are reserved by authors displayed.

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

All written content Copyright of TaxiPoint 2019. Creative Common image licenses displayed where applicable.