The cost of running a Private Hire Vehicle (PHV) in the capital is going up.
As of 8th April 2019, drivers of private hire vehicles entering the London Congestion Zone will have to pay the daily congestion fee.
As a part of London’s sharpening focus on reducing air pollution, Transport for London announced the end of PHV exemption from the £11.50p daily charge just before the Christmas break.
Certain vehicles that do not meet the new ULEZ rules will be charged a daily £12.50 fee for entering the current congestion zone as well as the congestion fee, for a total of £24.00 each day.
Additionally, unlike the congestion zone charge, which is due for travel in the restricted area Monday to Friday and between 7.00am and 6.00pm, the ULEZ fee will be due seven days a week, 24 hours per day.
Leaders of the Independent Workers Union criticised the decision to delete the PHV exemption and the Licensed Private Hire Car Association called the move ‘discriminatory” and vowed to challenge the change.
In the meantime, PHV operators and drivers will need to find new ways to combat rising costs. One way of doing that could be to use INSHUR for the purchase of PHV insurance.
Insurance is a good example. Many drivers have not considered the extra hidden costs of buying via traditional broker methods.
Things like time off work to visit brokers, travel expenses and parking fees.
Using the INSHUR app carries none of these disadvantages. It’s a fast and convenient way to buy affordable insurance.
Saving time saves money. That’s welcome respite from the London Squeeze.