Transport for London (TfL) has proposed increases to taxi and private hire driver and vehicle licence fees in a bid to reduce a forecast £7 million annual deficit in its licensing and enforcement budget. Under the plans, taxi driver licence fees would rise from £300 to £343 for a three-year licence, while private hire driver licence fees would increase from £310 to £343. Taxi vehicle licence fees would rise from £110 to £120 for a one-year licence, while private hire vehicle

Transport for London’s (TfL) Finance Committee has recommended increasing London black cab fares from April 2026, including a 20 pence rise in the minimum fare to £4.40 and a 2.88 per cent uplift in Tariffs 1, 2 and 3. The changes, set out in a paper to be considered on 25 February 2026, also include introducing a £6.00 drop-off extra charge for journeys terminating at London City Airport (LCY). If approved, the revised fares would come into effect on Saturday 25 April 2026.

Transport for London (TfL) will introduce maximum metered fares for pedicab journeys from October, setting a base fare of up to £5 plus a charge of up to £1 per minute, as part of a new regulatory framework aimed at bringing the previously unregulated sector under formal oversight. Under the proposals, which are subject to approval by TfL’s Finance Committee on 25 February, operators will also be permitted to add up to £3 for each additional passenger on top of the total fare