Evening Standard: London’s black taxis ‘must slash night fares in order to keep up with Uber’


The Evening Standard’s exclusive on Policy Exchange’s new report, Saving the Black Cab: Why Black Cabs are Vital to London’s Economy and Identity, explains that:


Expensive night-time black cab fares need to be slashed if drivers are to have any chance of fighting back against the threat from Uber, a major new study claims today.

The “meter anxiety” felt by passengers on longer cab journeys and the annual “inflation busting” rise in taxi tariffs must also addressed to stop trade hemorrhaging from one of London’s best loved symbols, it urges.

But the report, from the Capital City Foundation think-tank, part of Policy Exchange, goes on to urge far tighter regulation of its US owned online rival to tackle what it claims is the app-based service’s high accident rate and inadequate vetting of drivers…


click here to continue reading, and click here to read the report



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