A London mini-cab driver thinks the image of James Bond as a typical British Secret Agent is outmoded and needs to be replaced by a more democratic one in keeping with the contemporary era. Based on gossip he hears as a minicab driver from two of his regular fares who work for MI5 he discovers that there are more Russian spies currently in London than during the Cold War. Picking up leads, he starts investigating the activities of Ukrainian emigres in London and, proceeding by trial and error, he manages to trace the whereabouts of a Russian master spy who goes by the code name of SQUID and proceeds to his arrest and demise.