Sunday, 4 October 2015

Is competition good for consumers?




A London cab aka a Hackney carriage,
Picture courtesy of wikipedia.org

When visitors come to London there are some things they would love to see and do. One of these is riding around the city in an iconic ‘London Cab’. The black cabs have long been one of the beloved icons of London....but perhaps they are no longer so loved by the city’s people. Has competition got anything to do with it? Does Uber play a role?