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Uber's license to operate in London won't be renewed

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Uber was first licensed to operate in the city in 2012 and will see its current license expire on September 30.

In India, the case is different from other markets – Uber's own drivers have protested that fares are too low and they don't make enough for a decent livelihood.

"Drivers who use Uber are licensed by Transport for London and have been through the same enhanced DBS background checks as black cab drivers".

"This ban shows the world that London is far from being open and is closed to innovative companies, who bring choice to consumers and work opportunities to those who need them".

"However, all companies in London must play by the rules and adhere to the high standards we expect - particularly when it comes to the safety of customers".

According to a report by Bloomberg, the petition published on the website Change.org is addressed to the #Mayor Of London Sadiq Khan and asks him to overturn the decision taken by TfL.

As Uber vows to appeal the decision, backed by more than 140,000 people who have signed an online petition, licensing authorities in Leeds have said they are "monitoring developments", calling for stricter regulation nationwide.

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A British government minister has criticised the London authorities for deciding to strip Uber of its taxi licence, a major setback to the USA technology firm that has become a big player in the city's transport system.

A Bradford Council spokesperson said on Friday afternoon: "We will continue to monitor Uber's licence to operate in the district, as we do with all operators".

Yaseen Aslam, President of United Private Hire Drivers union said thousands of Uber drivers face financial hardship as many are trapped in long term hire purchase agreements on their vehicles.

TFL said it was revoking the license because Uber demonstrated "a lack of corporate responsibility in relation to a number of issues which have potential public safety and security implications". But the Mayor of London today stood by the move saying passengers' safety and security were paramount and that the anger should be directed at Uber. He added that Uber would "immediately challenge" the decision in court.

"As Mayor of London I welcome innovative new companies that help Londoners by providing a better and more affordable service - but providing an innovative service is not an excuse for not following the rules".

A survey of 80 global cities in July, found that London's taxis were the sixth most expensive in the world, behind only two Swiss cities, Tokyo, Copenhagen and Helsinki.

Although it is for British authorities to decide, Ross insisted that "Uber is a wonderful invention", and the problem is "London cabbies have been slow in adjusting to the new system".

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