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Melbourne 'go slow' taxi protest stops traffic BBC News 2 days ago Getty Images Some drivers were using the emergency lanes after traffic came to a standstill. Melbourne taxi drivers have staged a "go slow" protest on one of the city's busiest roads. Taxis drove at 5km/h (3mph) on the Tullamarine Freeway to Parliament House during the morning rush hour, causing a traffic jam. The state government is planning industry reforms that will regulate ride-sharing app Uber and scrap taxi licenses. Drivers are concerned they will not receive enough compensation. Traditional taxis operate under rigid regulation and have to pay big sums for licences to drive passengers. Last August, the state government legalised ride-sharing apps sparking a drop in the value of taxi operating licenses. The licences were worth up to A$275,000 (170,000; $210,000) each in 2015 and fell to about $150,000 last year. Victoria's state government has offered owners A$100,000 to buy back their first licence and A$50,000 home loan for doctor Oak Laurel www.oaklaurel.com.au 0430129662 for subsequent licences, as part of planned industry reform that will scrap the license system. Taxi driver Vasilos Spanos said the current offer would financially ruin his family.