Taxi Driver Online

As with any type of investment a bank will set a percentage of what they ecpect you to put in to the investment, currently banks will be setting a high percentage 40% ish, this is not unique to the Taxi Trade, the government are going crazy at the banks for not lending to small businesses I take it you lack understanding of investing, well it's simple you get nothing for nothing

What Wayne is indicating is that to control plate value's survey's of demand can take in to consideration current value's, if value's are getting out of control, an increase can be recommended to balance out the value of the plate.

In Edinburgh it's proven that with increases due to survey's of demand plate value's have levelled out after increases in licence numbers, a couple of years ago plates where trading for over 50k now they are around 35-45k, this has happened everytime more plates have come on except say 9 years ago when plate values where far to cheap, the last few increases have controlled the value from say New York levels (devided by 10)

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Alway's been about Tightening the Grip!

There is no Cartel in Edinburgh, 90 % of all licences in Edinburgh are owned by individuals, plate value's are a consequence of restriction, restriction is good for Edinburgh, it's a restricted market place, it's a fair restriction and acts without discrimination when restricting our Taxi Trade, survey's of demand are fair to all and 97% of drivers and owners are happy with the way it is, we know the consequence of de-restriction, weighing up both consequences, restriction provides the balance to earn a living, de-restriction does not FACT, Many de-restricted LA's being the example.

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Alway's been about Tightening the Grip!

Let's hope the council's brief is as stupid as you when we take our Human Rights case to court.

Human Rights - bang to rights.





But keep it up Dougie, you're very entertaining.

You're surely not suggesting that the small number of plates issued have knocked £15k off plate values.

Didn't you notice there was a recession on?

However, you may have a point about the plate values being depressed by recent issues in Edinburgh.

This is because the nature of the issues have destabilised the system a bit, thus made it look more risky, this in turn would deflate values.

Ditto the ongoing campaign and legal action.

Which indeed is the opposite to what you want, which would consolidate the current system, hence the risk would disappear, thus plate values would increase, which is probably why NY values went through the roof.

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Caledonian Cabbie

,

What has that got to do with whether it's a cartel or not?

And I thought most licences in Edinburgh are owned by limited companies?

You've given the game away Reggie - this incorporation malarkey is just a scam to sell the plate.





Where does the 97% figure come from, by the way?

Because I suspect you made it up

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Caledonian Cabbie

Oh aye, Reggie, an article in another thread reminds me that rentals in New York are limited in law because of the extent to which drivers were being shafted by the so-called medallion system.

So you'll support the limitation of rentals in Edinburgh to reasonable levels?

Funny Mr Casey didn't mention that in his article either.

Mind you, since he wants zero plate values excessive rentals wouldn't be an issue anyway

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Caledonian Cabbie