London taxi fares could rise by up to 7.5% to halt decline in cabbies

Fare’s fair? Taxi fares could rise by 7.5 per cent next April - (Alamy/PA)

Black taxi fares could rise by up to 7.5 per cent next year under proposals from Transport for London.

TfL, which regulates licensed taxis and reviews cab fares annually, has proposed seven options, ranging from a fares freeze to a 4.2 per cent rise or a 7.5 per cent hike.