Black cabs stand ready to compete with Uber, but not in a race to the bottom
The London tax trade is a rigged market where app-based operators have enjoyed years of political indulgence while black cabs are subjected to an ever-tougher regulatory environment, says Mark White
James Ford’s recent City AM column – ‘The London taxi trade is dying – and it’s not Uber’s fault’ – is less a diagnosis than a eulogy dressed in Silicon Valley spin. It dismisses licensed taxi drivers as inflexible, romantic relics, refusing to adapt. But the reality is more serious – and more structural.
The London taxi trade is not dying of natural causes. It is being killed by deliberate........
© City A.M.
