4. There is a high risk that given the current economic climate funding of licensee training is no longer available – in which case licensee will be required to self-fund.

3. Current arrangements regarding government funding for licensee training remain in place.

Well this is a bit naughty.... or if they don't know very careless... since I was speaking to a training provider just last Friday... who informs me... that funding for training drivers will cease next year.....

1. Latent demand responds to improved provision in taxi services and this facilitates the further increase in taxi demand;

I say they are correct on that assumption.

perhaps.....but isnt it a demand that would be there if there was a service, but they dont actually know either way, so in other words its a guess?

I think they will go back to their economic text books.

Or look at the planes, more available, more used, same with the trains and (in many areas) buses.

Really, planes aren't flying to full capacity, buses are heavily subsidised and nationally carry 5 passengers, and trains? you cant be serious.

Trains defo, planes defo, buses in many areas defo.

yes.....but how do you make sense of that when the following is stated three or four sentences later?

Er, you were comparing an assumption with a risk?

I'm assuming I'll wake up later today, but there's a risk I might be dead