We have received this news from Transport for London today about Taxi Fare (Black Cabs) Rises etc.
Dear Stakeholder
Between 26 October 2015 to 21 December 2015, we consulted on proposals to change the fares and tariffs for taxis (black cabs). The consultation was designed to obtain feedback on the range of taxi tariffs and fare options, and to help us understand opinion on current tariffs and fares to inform the annual review of taxi fares.
We received 418 responses to the consultation. The responses received to this consultation are used to inform changes made to the fares and tariffs. Thank you for taking part.
The following changes to taxi fares and tariffs will apply from 2 April 2016:
- A 1.6% increase to taxi fares
- Increase in the minimum fare from £2.40 to £2.60
- Extension of the provision for a 40 pence additional charge for all taxi journeys, to be implemented if London retail diesel prices (as measured by the AA fuel price report) reach the threshold figure of 148.56 pence per litre
- A new provision where all taxi fares are reduced by 40 pence if London retail diesel prices (as measured by the AA fuel price report) reached the threshold figure of 72.70 pence per litre
- Changing the start time of Tariff Three from 06:00 to 05:00, and changing the end times of the other tariffs
- Linking the tariff rate for longer journeys to distance only
A full review of the Cost Index and current fares and tariffs will also be conducted.
Our response to issues raised in this consultation will be published in early summer 2016.
For further information about the consultation and to read our interim report on the results please visit: tfl.gov.uk/tph/taxi-fare-and-tariff-review-2016
Yours faithfully
Duncan Fallon, Consultation Team, Transport for London