Uber could face paying over £2m to operate in London
Uber may need to pay £2.1m ($2.7m) in operator license fees in London under new proposed changes by the Capital's transport authority. It includes increasing the fee structure for private hire operators due to higher operating cost. 

As per the analysis, Private hire in London has increased from around 65,000 to whooping 1,17,000 till recent years. It also obviously includes the massive increase in a number of operating vehicles. 

Even Uber alone has over 30,000 private drivers in the city making it one of the largest operator of private hire vehicles in London. Transport authority also claims the increase in regulation cost from around £4m to whopping £30m, if calculated wisely. 

“The operator's fees system is no longer fit for purpose,” TfL’s general manager of a taxi and private hire Helen Chapman said. “It is only fair that license fees for private hire operators accurately reflect the costs of enforcement and regulating the trade. The changes to fees would also enable us to fund additional compliance officers to help crackdown on illegal and dangerous activity.”

image credit ScottMLiebenson
The new proposal will increase the license tiers to five and more from current five-year licenses of about £1,500 for small operators of up to two vehicles and around £2,800 for operators with three or more vehicles. With this proposal, small operators with 10 vehicles or fewer will be charged around £2,000 for a 5-year license.

Large operators with more than 1000 vehicles such as Uber and rival Addison Lee will have to pay £167,000 as well as £68 per registered vehicle. With this Uber will shockingly need to pay around £2.1m compared to the current £2,826.

Uber still facing many issues including sexual harassment, a high-profile lawsuit over self-driving technology from Waymo, secret tools used to thwart law enforcement and track drivers of rival lyft and a slew of those executive departures. Uber have also recently lost a court case to block TfL from imposing new English reading and writing tests for drivers. Last year even an employment tribunal ruled that Uber's licensed drivers should be classed as workers and must get minimum wage, leaves, and other common benefits.

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