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Business Matters: Uber loses London licence

The Uber App

26/11/2019 GMT

Uber loses London licence

BBC World Service - Business Matters, Uber loses London licence

Uber will not be granted a new licence to operate after repeated safety failures

Transport for London (TfL) said the taxi app was not "fit and proper" as a licence holder, despite having made a number of positive changes to its operations.

Uber initially lost its licence in 2017 but was granted two extensions, the most recent of which expires on Monday. The firm will appeal and can continue to operate during that process. We talk to Shona Ghosh, UK technology editor for Business Insider, about what this means for the company. Meanwhile, the chief executive of Australia's third-largest bank, Westpac, has resigned following investor pressure. The bank was last week accused of 23 million counts of breaching anti-money laundering rules. We talk to the BBC's Phil Mercer in Sydney about the reaction. (Image: The Uber App - Picture credit: Getty Images)

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