Transport for London (TfL) plans to increase black cab fares by 7.5%, more than double the inflation rate. This rise comes amid rising operational costs such as vehicles and insurance and a significant drop in licensed drivers, now at the lowest level since 1978. TfL aims to keep taxi driving a viable profession, but organizations warn that fare increases may lead to greater social isolation for disabled passengers. Proposals for subsidies for vulnerable riders are being discussed as alternatives to fare hikes.
TfL is keen to keep cabbies driving, and 'ensure that taxi driving remains a viable career'.
Licensed black cab numbers in London have dropped to 16,816 - the lowest since 1978.
Restrictions including low traffic neighbourhoods (LTNs) have already driven up fares, and freezing them wouldn't do much to help.
Fare hikes disproportionately affect disabled passengers, leading to increased social isolation and difficulty in accessing essential services.
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