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Uber to Lose its License to Operate in London

Accepted submission by takyon at 2017-09-22 22:12:35
Techonomics

Uber will lose its license to operate inside London [nytimes.com]. The issue may be only a temporary setback since the license expires on September 30th and Uber can continue to operate in London while appealing the decision:

London's transportation agency dealt a major blow to Uber on Friday, declining to renew the ride-hailing service's license to operate in its largest European market. [...] "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," the agency, Transport for London, said in a statement [tfl.gov.uk].

[...] In issuing its decision, Transport for London, which is responsible for the city's subways and buses as well as regulating its taxicabs, declared that Uber was not "fit and proper" to operate in the city — a designation that carries significant weight in Britain. "Fit and proper [fca.org.uk]" is a benchmark applied across different sectors of business and the charitable organizations [www.gov.uk] in the country to ensure that people or organizations meet the requirements of their industry or specialty. Tests typically assess factors like an individual or company's honesty, transparency and competence, though there is no formal exam. In Uber's case, Transport for London said it examined issues of how it dealt with serious criminal offenses, how it conducted background checks on drivers and its justification for a software program called Greyball that "could be used to block regulatory bodies from gaining full access to the app."

Opinion: London's Uber Ban Is a Big Brexit Mistake [bloomberg.com]


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