• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar

MayorWatch

London News and Comment

  • NEWS

TfL Board agree taxi fare increase

February 3, 2010 by Martin Hoscik

TfL say the increase is needed to ensure taxi drivers can meet rising overheads
TfL say the increase is needed to ensure taxi drivers can meet rising overheads
Taxi fares in London are set to rise by 2.3 per cent after Transport for London’s (TfL) Board today agreed the need to ensure drivers were able to meet rising costs.

TfL say the increase “aims to find a balance between maintaining income levels for drivers, who face disproportionately higher costs in order to work than average Londoners, while ensuring passengers still get a fair price” and is the lowest increase since 2004.

Approval of the increase follows consultation with the taxi trade, passenger watchdog London TravelWatch and the London Chamber of Commerce and Industry.

Mayor of London, Boris Johnson, said: “The Capital is blessed with wonderful cabbies and we’ve deliberated long and hard to come up with an increase we think is fair to everyone during these tough economic times. I hope this increase will allow cabbies to meet the annual increases in insurance and fuel costs. But also help those with older cabs bring their vehicles in line with our desire to improve the air we all breathe in this great city by driving the type of clean, green taxis that will achieve that aim.”

Welcoming the decision Bob Oddy, General Secretary of the Licensed Taxi Drivers Association, said: ” Like everyone else London’s cabbies continue to face significant financial challenges not least due to significant increases in taxi running costs such as fuel and insurance. This is the lowest increase in fares since 2004 and shows that hard working cabbies continue to face the same financial challenges as their customers.”

  • Click to share on X (Opens in new window) X
  • Click to share on Facebook (Opens in new window) Facebook
  • Click to share on Tumblr (Opens in new window) Tumblr
  • Click to share on Pinterest (Opens in new window) Pinterest
  • Click to share on LinkedIn (Opens in new window) LinkedIn
  • Click to share on Reddit (Opens in new window) Reddit
  • Click to print (Opens in new window) Print
  • Click to email a link to a friend (Opens in new window) Email

Filed Under: News Tagged With: Fares

RECENT UPDATES

Tube and rail users to benefit from Oyster weekly fares cap

Mayor and TfL call on ministers to help plug funding gap

Tube to get full mobile phone coverage from 2024

TfL says Direct Vision Standard is already making HGVs safer for London road users




POPULAR

City Hall to move to Docklands as Mayor seeks to raise £55m for frontline services

‘Concern’ over TfL’s ability to deliver major projects in wake of Crossrail cost overruns

City Hall halts London Overground ticket office closures but many will still see opening hours reduced

Transport for London confirms bus cuts will go ahead despite passenger opposition

Copyright © 2025 · Terms of Use · Privacy Policy