Should councils adjust taxi fare tariffs more frequently to match rising costs facing cabbies?

Should councils adjust taxi fare tariffs more frequently to match rising costs facing cabbies?

Taxi drivers across the UK continue to face mounting pressure as regulated fare tariffs lag behind sharp increases in operating costs, prompting renewed discussion for all councils to move to annual tariff reviews. In some regions taxi fare tariffs set by local authorities are increasingly failing to keep pace with inflation, leaving many drivers absorbing years of rising costs before any adjustment is made. While fuel, insurance, vehicle financ…