London's Transport for London (TfL) has introduced new regulations for pedicabs, starting a crackdown on their unregulated pricing and practices that have been likened to the 'Wild West'. Under these new rules, pedicab riders will need to pay for a license, meet English language proficiency standards, pass a safety test, and hold a driving theory test certificate. This represents a significant step towards imposing regulation on a market that has largely operated without oversight.

MPs have raised concerns regarding the exorbitant fares that some pedicab riders charge, with reports of tourists being charged hundreds of pounds for very short journeys. One highlighted instance involved a family being charged over £450 for a quick seven-minute ride, showcasing the alarming practices that have led to public outcry and the urgent need for regulation. These new measures aim to restore order to this sector, ensuring that passengers are treated fairly and not exploited.

Furthermore, the new TfL rules will cap the maximum fare that can be charged for journeys, which is a move that is likely to enhance consumer protection. The licensing requirement will also ensure that riders are adequately trained and meet safety standards, emphasizing TfL's commitment to improving the overall experience for those using pedicabs in London. Overall, these changes are set to transform the pedicab industry in the city, moving it towards a more regulated and fairer system for both riders and customers.