Uber loses its license to operate in London

LONDON (Reuters) – London’s transport regulator on Friday stripped Uber [UBER.UL] of its license 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 license 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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Author: Celia Graham

Celia Graham is a Canadian technology journalist who has written for many news outlets. she has covered the web hosting and cloud computing industry. She also has a roving brief to write about Startups, Venture Capital, technology trends and emerging markets.