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Uber loses its license to operate in London – What’s new?

News you want to use week 40.

Last week did Uber lose its license to operate in London, the company now has 21 days to appeal. Uber can continue to operate in the city while it’s appeals the decision. If Uber is unable to convince TfL to issue it with a new license, it will lose access to one of its most profitable markets. It could also spell disaster for its 40,000 drivers, many of whom have taken out expensive leases or loans to drive for Uber, and rely on the ridesharing service as their sole income provider. 

 

Read more? Approx 2 min