Friday 14 January 2022
Following the recent proposal for an increase in maximum taxi fares by 3.34%, the public consultation has now concluded and the Committee for the Environment & Infrastructure has confirmed the increase will come into effect from 12am on Monday 17 January 2022.
Taxi fares were last increased on 31 January 2020. At the beginning of 2021 it was agreed with the Taxi Federation not to implement the annual increase in tariff charges due to the calculated increase for 2020 being minimal (under 1%). The current increase is therefore a combination of the last two years, combining 2020 with the 2.64% increase calculated for 2021.
These figures have been calculated in accordance with an established taxi inflation index, known as the 'Halcrow Formula' which takes into account taxi operating costs and earnings.
Based on the two most common tariffs, the following example fares demonstrate the overall effects of the increase:
- A 2.0 mile journey on Tariff 1* would increase by 20p from £7.10 to £7.30
- A 5.0 mile journey on Tariff 1* would increase by 60p from £13.30 to £13.90
- A 2.0 mile journey on Tariff 2** would increase by 40p from £9.90 to £10.30
- A 5.0 mile journey on Tariff 2** would increase by 60p from £18.70 to £19.30
*Tariff 1 is for a maximum of 4 passengers and operates Monday - Friday between 7am and 10pm or Saturday & Sunday between 7am and 7pm.
**Tariff 2 is for a maximum of 4 passengers and operates Monday - Friday between 10pm and 7am, Saturday & Sunday between 7pm and 7am and at all times on Public Holidays.
The minimum fare (standing charge) will remain at £4.50 and there will be no increase in the baggage charge of 20p per item.
