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Uber loses its licence to operate in London

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Uber loses its licence to operate in London

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LONDON (Reuters) – London’s transport regulator on Friday stripped Uber [UBER.UL] of its licence to operate from the end of the month, affecting over 40,000 drivers in a huge blow to the taxi app. “TfL considers that Uber’s approach and conduct demonstrate a lack of corporate responsibility in relation to a number of issues which have potential public safety and security implications,” Transport for London said on Friday. The final day of Uber’s licence will be on Sep. 30. In London, the firm has faced criticism from unions, lawmakers and traditional black cab drivers over working conditions. Uber has the right to appeal the decision within twenty one days.

(Reporting by Costas Pitas; editing by Guy Faulconbridge)
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