Time’s almost up for Uber Technologies Inc. in London, with the city’s transit authority set to announce as soon as Monday whether it will grant the ride-hailing company a new license to operate.
If Transport for London decides against Uber, the company could face expulsion from its most important European market on Tuesday. A new long-term license would provide a level of certainty that Uber and its roughly 45,000 London drivers haven’t experienced in years.
London’s ride-sharing market has changed significantly since TfL concluded in 2017 that Uber wasn’t “fit and proper” to hold a license. New entrants, such as Ola, ViaVan and Bolt, have since gained licenses to operate in the city. Uber has also faced a series of lawsuits in the U.K., including losing a case over drivers’ employment rights.
Via Bloomberg
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