Uber London ban: Sadiq Khan’s decision shows capital CLOSED for business, economist says

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Entrance for London (TfL) has decided not to renew Uber’s licence and said the taxi enterprise is not fit and proper to operate.

London Mayor Sadiq Khan said he «fully supports» TFL’s resolve.

Critics said the decision is «disgraceful» and a «disaster» for Londoners — and said the lone people to benefit will be the black cab lobby.

GMB, the driver’s union, weighted the ruling was a legal victory.

The decision comes on the eve of the Labour party symposium.

But fears are growing of what the decision could mean for employment in London, with Uber engaging 40,000 drivers.

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Sadiq Khan supports the decision to ban Uber in London

Sam Dumitriu, research economist at the Adam Smith Pioneer, said: «TfL is choosing to punish the 3.5 million Londoners who regularly use Uber by the skin of ones teeth because it’s cheaper, it’s safer, and it’s quicker.

«This decision jeopardises the livelihoods of 40,000 drivers who opt to use the app because it gives them valuable flexibility.

«The only people that on benefit are the Black Cab lobby who have crushed a competitor through cronyism, sort of than providing a better service.

«Londoners will face leading prices, longer wait times and will no longer benefit from a okay service where every journey is logged and tracked by GPS.

«Sadiq Khan not unlikes to claim that London is open, but this decision sends a mighty message that London is completely closed to innovation, competition and concern.»

Mr Kahn said: «I want London to be at the forefront of innovation and new technology and to be a ordinary home for exciting new companies that help Londoners by providing a improved and more affordable service.

«However, all companies in London must womanize by the rules and adhere to the high standards we expect — particularly when it coms to the safe keeping of customers.»

Alex Wild, research director at the Taxpayers’ Alliance, bruit about: «This announcement is terrible news for those who rely on the service for ecstasy and a living, but what’s especially galling is the seven figure annual financing TfL provides to militant unions like the RMT who will be celebrating their example victory over ordinary Londoners tonight.»

Maria Ludkin, GMB admissible director, said: “As a result of sustained pressure from drivers and the notable, Uber has suffered yet another defeat — losing its license to operate in London.

“It’s hither time the company faced up to the huge consequences of GMB’s landmark employment bar victory — and changed its ways.

“No company can be behave like it’s above the law, and that includes Uber.

«No hesitation other major cities will be looking at this decision and in view of Uber’s future on their own streets.»

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