The world’s largest ridesharing app just got booted out from London and many financial experts feel that Uber’s UK troubles are only beginning. London Mayor, Sadiq Khan, feels that Uber isn’t safe enough and that its corporate practices have failed to address numerous issues that were raised by officials in the past. As a result, all Uber drivers and passengers in London are going to have to find another way to get around and make an income from the end of September. Someone going to school for an online master of science in finance isn’t going to be much affected by rule charge, whether they live in Liverpool or London, but University of Liverpool students are said to be getting nervous about how they’ll fair in the coming months. So, is Uber doomed in all of the UK or can it get access to the roadways in London before this public relations nightmare turns into a row of falling dominoes?
Does This Move Financially Help Native London Black Cab Drivers?
Since Uber and other non-traditional ridesharing services came to the UK, cabbies have been feeling the pinch. Although traditional black cab drivers in London are backed by a union, there wasn’t really much they could do to stop the business from heading into town. Moreover, it was the decision of passengers to start opting for Uber rides rather than hailing for black cabs. Now that it looks as if Uber is out of the races – at least for now – black cab drivers should see an increase in business.
Are More Uber Bans Headed to Other UK Cities?
While the mayor of London has officially told Uber to take a hike, no action is set to be taken until the very beginning of October. Uber can appeal the decision, which would give it time to remain in operation, which is what most online finance degree holders think will happen. There could be a widespread ban throughout UK cities such as Liverpool, Leeds, and Manchester, but most want to see how things work out in London first. No one knows if the sudden ban will lead to higher congestion levels or if former Uber passengers will somehow come up with ways to get around without black cabs or public transportation.
How Will Faithful Uber Users Get Around Now?
Uber is convenient and it’s also very cheap. Riders in London who have been using Uber to get to work and back home safe after a night out on the town aren’t going to want to start using the Tube or black cabs again, at least not without a big fight. On the other hand, you also have soon-to-be former Uber drivers, many of whom were contracting with the company full-time. It is expected that thousands of Uber drivers will be without a source of income. It is possible that drivers and passengers will start making side deals and trading contact information so that they’re able to maintain their business relationships even after Ubering is no longer allowed in London.
Uber is a worldwide corporation, but it’s been having trouble maintaining its grip on the European market. From safety issues to concerns about how it vets its drivers, Uber needs to look at the cost of doing business in different markets if it wants to stay globally competitive. As of now, London Uber users are still making money and getting rides when they need them, but their time is probably very limited.