Taxi Driver Online
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He bought his plate for £60,000 you know.
http://www.taxi-driver.co.uk/phpBB2/viewtopic.php?f=3&t=6643
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Author:  Sussex [ Mon Aug 06, 2007 5:14 pm ]
Post subject:  He bought his plate for £60,000 you know.

'I spent my redundancy money on a £60k taxi licence, but now I could lose it all...'

HE started a new life as a taxi driver after being made redundant from Terry's chocolate factory - putting his redundancy money towards the £60,000 cost of a licence plate. But now the Acomb man says he could lose his entire investment if City of York Council goes ahead with deregulation of the city's hackney carriages.

The taxi driver, who does not wish to be identified, said his world collapsed overnight when Terry's shut down in 2005, having worked there for many years.

"I was unemployed for over a year," he said. "I spent six months on a Government training scheme when I saw advert in The Press, saying: Hackney plate for sale, hackney plate for rent and Hackney day driver required.' He initially got the job as a day driver. He said: "I was so happy after a year of unemployment."

He said he subsequently paid £60,000 to buy a plate and spent another £8,000 on a two-year-old estate car to use as a taxi. "This was a lifeline for someone that had been made redundant," he said.

"I know I am not the only one to have chosen this route, with other people from Terry's and Nestlé Rowntree, just ordinary working people, putting in their life savings and redundancy pay to achieve the simple goal of having dignity in employment.

"Before (at Terry's) I had employment. I now work nights and weekends. I have no holiday pay, no sick pay, no company pension. I work 53 hours a week, with about 12 hours waiting on the rank for customers. I probably need to work more hours to cover all the costs. But I have no complaints at all. I have work. "But is it right I should lose £60,000 in one year just because the council may change policy?"

He said before buying the plate last year he had made inquiries at the council, but had not been told that a review of the taxi licensing system had started in 2005. He claimed deregulation would lose millions from the York economy. "I personally had hoped to sell my plate and rent it back to pay for a garage and a kitchen extension. So that is £60,000 a York builder will not get if de-regulation goes ahead."

He said as well as losing the value of his plates, deregulation would result in many more taxis on the roads, with a negative impact on the environment, and drivers having to work more hours to make the same amount of income.

* Have you invested a large sum in a taxi plate, which you may now risk losing? Phone the newsdesk on 01904 567131, or email newsdesk@ycp.co.uk

Author:  Sussex [ Mon Aug 06, 2007 5:16 pm ]
Post subject:  Re: He bought his plate for £60,000 you know.

Sussex wrote:
He said he subsequently paid £60,000 to buy a plate and spent another £8,000 on a two-year-old estate car to use as a taxi.

It can't only be me that sees the irony in that. [-(

Author:  echo15 [ Mon Aug 06, 2007 7:19 pm ]
Post subject: 

53 hours a week?

Lightweight!

Author:  TDO [ Mon Aug 06, 2007 9:33 pm ]
Post subject:  Re: He bought his plate for £60,000 you know.

Sussex wrote:
I work 53 hours a week, with about 12 hours waiting on the rank for customers.


In my manor it's more like 12 hours not waiting on the rank. :lol:

Author:  TDO [ Mon Aug 06, 2007 9:36 pm ]
Post subject:  Re: He bought his plate for £60,000 you know.

Sussex wrote:
He said before buying the plate last year he had made inquiries at the council, but had not been told that a review of the taxi licensing system had started in 2005. He claimed deregulation would lose millions from the York economy. "I personally had hoped to sell my plate and rent it back to pay for a garage and a kitchen extension. So that is £60,000 a York builder will not get if de-regulation goes ahead."


So what happens to the £60k that he would have received for the plate then? :-$

Author:  187ums [ Mon Aug 06, 2007 10:38 pm ]
Post subject: 

i wonder if the person who sold him the cab made him aware that it may go "free for all" at some stage and that this was a risky investment?

Author:  gusmac [ Mon Aug 06, 2007 10:40 pm ]
Post subject:  Re: He bought his plate for £60,000 you know.

Sussex wrote:
He said he subsequently paid £60,000 to buy a plate.

pays yer money ........takes yer chance

Author:  agabbycabbie [ Mon Aug 06, 2007 11:59 pm ]
Post subject: 

He isnt alone in being duped into paying £60000 for a plate in york, there are quite a few, but most of them are keeping quiet about it maybe feeling rather foolish for not doing there home work before parting with there hard earned.

Author:  JD [ Tue Aug 07, 2007 12:17 am ]
Post subject: 

We've always said that buying a plate is a gamble.

You would think that anyone parting with 60 grand would first obtain a badge and see if they are suited to the job and whether there is enough money in the game to warrant an investment of 60 grand?

Whether the letter is genuine we do not know but if it is genuine then the gamble was obviously more risky than he envisaged?

Regards

JD

Author:  badger [ Tue Aug 07, 2007 2:39 am ]
Post subject: 

Nobody has mentioned the Taxmans cut yet :shock: :shock: :shock:

Author:  JD [ Tue Aug 07, 2007 2:50 am ]
Post subject: 

badger wrote:
Nobody has mentioned the Taxmans cut yet :shock: :shock: :shock:


lol I wonder if anyone will write to the newspaper enquiring if VAT or capital gains was payed on the 60 grand?

Regards

JD

Author:  badger [ Tue Aug 07, 2007 2:58 am ]
Post subject: 

JD wrote:
badger wrote:
Nobody has mentioned the Taxmans cut yet :shock: :shock: :shock:


lol I wonder if anyone will write to the newspaper enquiring if VAT or capital gains was payed on the 60 grand?

Regards

JD
Maybe so ,but i very much doubt it........

Author:  JD [ Tue Aug 07, 2007 3:11 am ]
Post subject: 

I think York council has certainly concentrated a few minds no matter What happens in relation to hackney carriages.

What the future holds is anyones guess but didn't the TGWU say they defeated the OFT? Or was that just an April fools joke?

Regards

JD

Author:  tcabbie [ Tue Aug 07, 2007 3:56 pm ]
Post subject: 

He hasnt quite lost 60k he has earned an income for the past year and probaly for a while yet till they deregulate

Author:  Paisley Buddie [ Tue Aug 07, 2007 7:19 pm ]
Post subject:  Re: He bought his plate for £60,000 you know.

Why do they insist on calling the removal of anti competitive number restrictions 'deregulation' when its not about deregulation ? Its derestriction !!!

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