Uber faces £2.9M fee to renew London license under new rules
https://techcrunch.com/2017/09/18/uber-faces-2-9m-fee-to-renew-london-license-under-new-rules/
London’s transport regulator, Transport for London, has released details of a new more expansive and expensive system of tiered license fees for private hire operators that will drive up the fees that ride-hailing companies like Uber need to pay to operate in the city.
Uber previously paid £2,826 for a five-year license from TfL. Under the new system the company would have to shell out £2.9M for a further five years’ licensing, a Transport for London spokesman confirmed to TechCrunch.
