Is it fair to rise the fares for private hire Reading taxis

During this dreaded Covid 19 pandemic, taxi companies, in general, have been hit very hard financially and business has dropped rapidly. Private hire taxi companies rely on people traveling, as people are now working from home and some companies coming to a halt the trade has lost out heavily.

In Reading, Berkshire some taxi firms are considering rising their fares to make up for the loss of regular customers. Companies whom carter for Airport commuters have said due to lack of people flying out for business and holidays they are 100% considering rising fares.

Getting a taxi from Reading, Berkshire can cost between £40.00 - £55.00 depending on the pick-up location. Reading Taxis - CabTime offers taxis to London Heathrow Airport from £40.00

Hundreds of taxi, minicab drivers, have recently had to leave the industry because of the lack of trade left. It's a testing time for this industry which has been the heartbeat of this country. Over recent times companies like UBER have come in and taken the ride railing concept to the next level. This has led to small local taxi companies to close their businesses and drivers, having to leave their jobs for new careers. 

So is it fair for local taxi firms to raise their fares to compensate for the loss during this pandemic? You decide!