Uber’s Licence Loss Spells Disaster for Londoners

Today the TFL have declared that they would strip Uber's licence to operate in the capital. This decision is not only detrimental for Uber and the company's 40,000 drivers, who will miss out on Uber's most profitable city, but also to the three-and-a-half million people who use Uber across the 32 boroughs of London. Instead, the TfL, have opted to damage consumers by facilitating a monopoly on the London market of the older and more established taxi service, that costs substantially more than the service Uber had offered.