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Published 09:03 26 Apr 2022 BST
Updated 16:19 29 Apr 2022 BST
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The NTA also assessed the cost of running a taxi, and this figure, as well as the costs associated with operating cashless payments, are expected to be reflected in increased fares.
Outlining this, the NTA said: "The report published today (...) has found that overall, the costs associated with operating a taxi increased between 2017 and 2022 by approximately 11%. An increase in maximum taxi fare levels to reflect this, is recommended in the report.
"The 2019 Fare Review recommended a further adjustment of 1% for the extra costs associated with introduction of cashless payment facilities, such as transaction fees and hardware provision. This is also factored into today’s recommended increase in maximum fares of 12%."
The plan to increase the maximum fare to 12% will also be subject to public consultation.
More details on these plans can be found right here.
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