cabbyman wrote:
We haven't had a rise in 8 years.
We have. But then one of the companies decided to lower its fares to a level from TEN YEARS ago to get more trade.
Initially they got more business but then every other company followed suit so now we all have roughly the same amount of work again, but are all earning less money. Now we are in a situation where no firm will raise its prices and be more expensive than the rest, even if the council puts fares up, and we can't all agree to raise our fares at the same time because that would be colluding on price fixing !
None of the firms lowered their rents though ! But the firm that lowered fares first increased its rents a week later 'because we have more work now'
It's happening round here, one firm lowered their prices and scrapped T2 to get more work, they increased their rents to £280 full and £180 half. As CC would say, "we're going to hell in a handcart."