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Cabbie,birmingham,says Business Down 40% Yoy

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Hi Reapa

Is that all you spend your money on - a taxi to the barbers once every month?

CB

Welcome back CB.

Cabbies are the number one indicator, the canary in the FX4 cage. Lots of them piled into BTL as a "pension".

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Welcome back CB.

Cabbies are the number one indicator, the canary in the FX4 cage. Lots of them piled into BTL as a "pension".

Hi FH, so they are stuffed both pre and post retirement then. Or if the BTL business continues to die over the next few couple of decades, we might see some 90 year old men behind the wheel of taxis (or slumped over the wheel). Happy days ahead.

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You go to any country in the world and cabs are dirt cheap.

You get a can in the UK and you need a mortgage to pay for it.

What with the mortgage lending dropping not surprised their trade is dropping :lol:

london cabes take honme 50K, pay low tax and say they are worth it.

Sat Nav, cheap labout behind wheel, we might just yet get deflation.

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as per title.

can any cabbie/barbers tell us how it is for them?

Small chain of barbers, South Manchester, down 8% yoy - though 'Beatles style - circa 1965' coming back into fashion - after a decade of ultra-short hair, hasn't helped. The most glum customers are the ones with overseas property.

Locally, of the owners figures I trust - very upmarket men's clothes down 40%. Independent Coffee shop has recently gained 25% from closure of Coffee Republic.

Plenty of anecdotals about collapse of taxi trade - Leeds very bad apparently.

But nobody seems to have any explanation of why the Consumer spending figures are holding up so well.

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You go to any country in the world and cabs are dirt cheap.

You get a can in the UK and you need a mortgage to pay for it.

What with the mortgage lending dropping not surprised their trade is dropping :lol:

london cabies take home 50K, pay low tax and say they are worth it.

Sat Nav, cheap labout behind wheel, we might just yet get deflation.

Last week I enquired as to the cost of a black cab from Terminal 5 to an address in Wraysbury...probably about 4 miles. I expected to hear £20 or so as a minicab is about £15. £34!!!! I told the cabbie to stuff it. His response, "but it is a centrally agreed fixed price as it is outside the M25!" "Not with me it isn't and, unless the M25 has moved, no its not." Walked off and lugged my suitcase onto a bus, which cost me £2.50. One day very soon these guys are going to realise that their mortgaged taxi licenses are in negative equity, and that anyone with a GPS can give almost as good a service.

There was a "public" consultation in Oxford (and I think nationally) a few years ago asking the public whether or not they thought there were enough taxis. This amounted to small notes in 6 point font tagged to posts in the vague area of some of the taxi ranks...of course some town council members own taxi licenses so wanted to keep their value high by limiting the supply. Corrupt scum.

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