What Does a Black Cab Driver Earn?

In London, black taxis, commonly referred to as hackney carriages, are a regular sight. These recognizable cabs are operated by qualified drivers that take passengers to their destinations. But how much do black cab drivers actually make?

The Licensed Taxi Drivers Association reported that the typical annual pay of a London black cab driver is between £30,000 and £40,000. However, this amount may change based on a number of variables, including the number of passengers carried, the number of hours worked, and the driver’s location.

The price of fuel is a substantial outlay for black taxi drivers. While they cannot deduct the cost of fuel, they can deduct the cost of other expenses including license fees, insurance, and car upkeep and repairs.

A Private Hire Vehicle (PHV) license is required before one can drive for hire. To do this, you must pass a medical checkup, a criminal background check, and a local area knowledge test. Drivers can work for a private hire company or as independent contractors after receiving their license.

Uber, a well-known ride-hailing service, on the other hand, provides a distinct pay structure for drivers. After deducting expenditures like fuel and car maintenance, the typical Uber driver in the USA makes about $14 per hour, according to a 2019 Ridester analysis. However, this number may change depending on the location, type of vehicle, and number of hours worked. Black cab drivers make between £30,000 and £40,000 year on average, but this amount might fluctuate depending on a number of variables. Private hire drivers can work for a private hire company or work for themselves, but they must have a license. Taxes on earnings are due from all cab drivers, including Uber drivers.