London Cabbies the best financial barometer

I do spend time talking to cab drivers in London as it tends to pass the time.  They are generally a very cheerful bunch.  I asked one yesterday about business as they can and do tell you straight.  It is better than expected for this time of the year and most importantly business folk are taking taxis to City Airport again.  A breakthrough piece of news.  He did, however, say that most people don’t talk in the taxi any more: as they spend their time on a phone call, texting or on the laptop.  Pressured, stressed, unsocial and uncommunicative.  But at least they are using the taxi in the first place.

After listening to the recession chatter this week and our weak recovery plus the employment statistics which will increase it was a welcome chat with Mr Cab Driver, so thank you.