In February 2002 the Government approved the appointment of a panel of three independent persons to report in general terms on the nature and extent of extreme personal financial hardship which may have been experienced by individual taxi licence holders as a direct result of the liberalisation of entry to the taxi industry on 21 November 2000.
On 17 December 2002 the Government approved the implementation on a phased basis of the recommendations of the taxi hardship panel in accordance with An Agreed Programme for Government. These recommendations relate to extreme personal financial hardship as a result of taxi liberalisation experienced by taxi licence holders only. Any payments to be made as a result of this implementation will not represent compensation but rather compassionate payments in respect of extreme personal financial hardship. The report of the taxi hardship panel recommends the establishment of a scheme to provide payments to individual taxi licence holders who fall into one of six categories that the panel assessed as having suffered extreme personal financial hardship.
The design and administration of a scheme to implement the recommendations of the taxi hardship panel and the arrangements to facilitate the making of payments to eligible persons will be progressed as quickly as possible so as to ensure that applications are dealt with on a confidential and objective basis. In that context, I have already asked Mr. Jimmy Farrelly, who I recently appointed as the interim chairman of the Commission for Taxi Regulation, to progress as a priority the implementation of the findings of the panel report.