The future of the distinctive London taxi has been secured, after the makers of black cabs were bought out of administration. Manganese Bronze was financially struggling last year, and fell into administration after a technical fault meant hundreds of cabs had to be recalled.
Passengers travelling from Heathrow Airport will reportedly be hit hardest by an increase in Black cab fares. A rise of 1.7% looks set to be approved by Transport for London from April 6. It's almost three times more than the rise in the cost of fuel. The increase follows a 5.3% rise last year
For those travelling to Heathrow - there will also be an 80p jump in the surcharge. TfL says the cost of an ''average'' fare, which is a journey of about 3.5 miles, will rise from £12.42 to £12.63. That will increase to £15.57 between 10pm and 6am.
The Transport Secretary Justine Greening has admitted that train fares could rise by inflation plus 3% next January. Regulated fares are allowed to rise by 3% above the Retail Price Index inflation figure and Ms Greening indicated the extra money would be needed to stabiliise the rail industry.
This year, the rise was reduced to just 1% above RPI inflation but Ms Greening said there was no guarantee that the money could be found to allow a similar limit in 2013.
The Labour mayoral candidate Ken Livingstone has insisted that his plan to cut transport fares in London by 7% is affordable. Transport for London has said the cut could threaten investment but Mr Livingstone thinks it will boost the number of passengers.