Review of taxi (black cab) fares and tariffs 2025

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We review taxi (black cab) fares every year, and fares were last increased in April 2025. We would like to hear your views on our options for this year’s fares and tariffs review. We are also considering changes to fares for journeys which begin or end at London City Airport.

The consultation period has now closed. You can find updates on the scheme in the 'Latest news' section.

Why

Image of taxi (black cab) and bus

We regularly review taxi (black cab) fares and normally make changes once a year, following a public consultation. Taxis are an important part of London’s transport services. They provide an accessible option for people who may find using public transport difficult and offer an alternative to the use of private cars, which can contribute to improving congestion and air quality.

We want to ensure that taxi drivers can cover their operating costs and are paid fairly for their work. This helps ensure that being a taxi driver remains an attractive career option.

The number of licensed taxi drivers has been falling for several years. So it’s important to try and find a balance between taxi drivers being able to cover their costs and be paid fairly, and the public not using taxis as the fares are too expensive.

When we review fares and tariffs, we use the Cost Index which considers changes in taxi drivers’ operating costs and changes in average national earnings. You can read more about the Cost Index here.

The Cost Index shows that taxi driver operating costs and average national earnings have increased by 4.01%.

We try to strike a balance between drivers being fairly paid and taxi customers being charged a fair and affordable fare.

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We review taxi (black cab) fares every year, and fares were last increased in April 2025. We would like to hear your views on our options for this year’s fares and tariffs review. We are also considering changes to fares for journeys which begin or end at London City Airport.

The consultation period has now closed. You can find updates on the scheme in the 'Latest news' section.

Why

Image of taxi (black cab) and bus

We regularly review taxi (black cab) fares and normally make changes once a year, following a public consultation. Taxis are an important part of London’s transport services. They provide an accessible option for people who may find using public transport difficult and offer an alternative to the use of private cars, which can contribute to improving congestion and air quality.

We want to ensure that taxi drivers can cover their operating costs and are paid fairly for their work. This helps ensure that being a taxi driver remains an attractive career option.

The number of licensed taxi drivers has been falling for several years. So it’s important to try and find a balance between taxi drivers being able to cover their costs and be paid fairly, and the public not using taxis as the fares are too expensive.

When we review fares and tariffs, we use the Cost Index which considers changes in taxi drivers’ operating costs and changes in average national earnings. You can read more about the Cost Index here.

The Cost Index shows that taxi driver operating costs and average national earnings have increased by 4.01%.

We try to strike a balance between drivers being fairly paid and taxi customers being charged a fair and affordable fare.

Return to the top of the page
CLOSED: This discussion has concluded.

If you have any questions about the scheme, you can ask us here and we will get back to you.

Please note that any questions you ask may be visible to others and will be subject to moderation. Any personal information will be kept confidential but your user name will be displayed. Further details on moderation are available here and privacy here.

Page last updated: 16 Dec 2025, 09:51 AM