London cabbies have a reputation as the voice of authority on everything from nifty u-turns to immigration policy. But John Siraut, economist at Paddington-based transport consultant Colin Buchanan, has discovered they are also a useful arbiter of the state of the economy. Rather than leafing through the latest RICS report in search of "green shoots", Siraut peers out of the window to look at the taxi queue at the station. When things are really bad and customers are few, they can go all the way to the horizon. This week, Siraut is upbeat. "The queue isn't too bad today," he noted.
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