While taxis are expensive, deregulation does not necessarily mean that things will become cheaper. I had a dreadful experience some years ago in Stockholm Airport in Sweden where there are both legitimate taxis and those that strangers do not know about. Unfortunately, I got into the wrong one and it cost me nearly £60 to get from the airport into the city when the fare should have been in the region of £20. These are the kind of things we need to guard against when trying to introduce competition. We need to ensure we keep an eye on how the changes are working out in practice.