Transport for London (TfL) are seeking views on changes to taxi fares and tariffs in London, to take place in April 2016.
TfL licenses and regulates taxi and private hire services in London. As part of this, we set the maximum fares that taxis can charge. These fares are determined by tariffs that are reviewed each year and normally changed in early April, informed by changes in a Cost Index that reflects the costs of operating a taxi.
The final Cost Index figures are still to be assessed but on the basis of the information currently available, and taking into account the 0.1 per cent decrease deferred from last year, we would increase average taxi fares by 0.8 per cent.
We’re interested in your views on the proposed change to average taxi fares and also on the following proposals:
• Retaining the present arrangement that allows taxi drivers to add an extra charge of 40 pence if fuel prices increase significantly
• Introducing a provision that fares should be reduced if fuel prices decrease significantly
• Changing the current minimum taxi fare
• Changing the times when tariff three applies
• The Cost Index elements and if these are still appropriate or if changes are required
• Fixed fare and capped fare schemes
Find out more and have your say
Please go to our consultation website tfl.gov.uk/taxi-fare-and-tariff-review-2016. You will find more information about the background to these proposals and the calculation of the Cost Index, as well as a questionnaire seeking your views. Responses must be received by 21 December 2015.
If you have any questions about this, please email email@example.com with ‘Taxi Tariff review’ in the subject line.