Numbers applying for taxi licences decreases dramatically

THE number of people applying for taxi licences has decreased dramatically, in spite of the wholesale job losses across the economy.

Taxi regulator Kathleen Doyle has put the rapid decline down to a widespread realisation that there are so many drivers in the market that there is no room for further competition.

For at least the last five years, taxi unions and drivers have been pointing to an oversupply of licences to cars within the industry.