LAST TARIFF REVIEW IN 2014: Warwick District proposes significant 30% taxi tariff fare hike

In response to the escalating cost-of-living crisis, Warwick District Council (WDC) has proposed a considerable 30% increase in Hackney Carriage fares, the first since 2014.

This decision comes after a thorough consultation with the taxi trade, driven by soaring fuel and operational costs that significantly impact their livelihoods.

The fare adjustment, slated to take effect in May 2024, aims to align with the cumulative Consumer Prices Index including Housing (CPIH) rate increase of 27.7% observed between 2014 and 2023. The proposal ensures that the new tariffs will not only accommodate the inflation rates but also allow for a modest growth margin for 2024.

The consultation process, conducted online from 18 December 2023 to 15 January 2024, saw a 57% response rate from licensed Hackney Carriage operators. Participants were asked to suggest appropriate fare increases, with proposals ranging from 20% to over 50%. The final 30% increase proposal aims to strike a balance between maintaining a viable taxi service and safeguarding consumer affordability.

WDC's tariff proposal positions Warwick's Hackney Carriage fares competitively compared to neighboring districts, reflecting both the economic pressures faced by drivers and the council's commitment to maintaining essential transport services.

The fare restructuring will undergo a final review by the Cabinet, considering any objections received during the public notice period. Pending no significant opposition, the increased tariffs will be officially implemented, marking a significant shift in the district's approach to managing Hackney Carriage fares amidst ongoing economic challenges.

Warwick District's proposal highlights the delicate balance local authorities must navigate in ensuring the viability of essential services while responding to broader economic trends.