Transport for London has announced that Licence Fees will be increased from 1st June 2006, but there will be no increase in Taxi Driver or Private Hire Driver licence fees.
The TfL Board has approved changes to taxi fares to take effect from Saturday 1 April 2006.
On December 15th 2005 Transport for London Public Carriage Office (PCO) issued a report concluding that the current Conditions of Fitness provide the best basis for a London taxi.
Never let a poor credit rating put you off investigating the possibility of getting a new loan for your taxi.