Uber stripped of London licence due to lack of corporate responsibility

US ride-hailing company will appeal ruling but the new chief executive admits it is the ‘cost of a bad reputation’

Uber has been stripped of its London licence in a surprise move that dealt a serious blow to one of Silicon Valley’s fastest rising companies and sparked an outcry from a coalition of customers, government ministers and drivers at the ride-hailing company.

The firm’s application for a new licence in London was rejected on the basis that the company is not a “fit and proper” private car hire operator.

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