Uber’s driver numbers doubled since landmark court ruling — but will passengers be safe from fare hikes? Ride-hailing More than 100,000 UK drivers are now earning on the app each week, an increase of 85 per cent since the change, Uber said.
Uber faces £1bn VAT showdown with HMRC Transport Despite achieving its first full-year profit in February, Uber swung to a net loss of $654m (£524m) in the first quarter of this year.
Uber: U-turn for company as it reverses back to a loss Transport Uber said it swung to the loss due to the revaluation of its equity investments and the costs of legal settlements related to its drivers.
Surfing the Thames: How Uber boats came to rule the river August 1, 2024 “Looking out at the river, I was struck by how empty it was,” Sean Collins tells me. This was in 1994, when he had just been made redundant from his previous role as an apprentice waterman on the Thames. All that empty water stretching through the middle of London – it was a “waste”. But [...]
A Manifesto for London: Bins, beer, Uber boats and free chickens June 4, 2024 The General Election will undoubtedly feature many pledges, but will they prioritise London? City A.M. is here to stand up for the capital with a Manifesto for London
Court of Appeal overturns VAT obligation to taxi fares in Uber case July 15, 2024 Court has overturned a landmark ruling that for all private hire journeys outside of London should be paying VAT, a ruling that will be seen as a win for the taxi industry
Exclusive: Uber joins CBI exodus April 23, 2023 Uber is pausing its engagement with the CBI, City A.M. has learnt. The ride-hailing tech firm is the latest in a string of companies who have either ditched the organisation or suspended their engagement in the last few days, following reports of sexual misconduct by senior CBI members. Uber’s decision will be yet another blow [...]
Thousands of London black cabbies hit Uber with a £250m lawsuit May 2, 2024 A group legal action targeting ride-hailing provider Uber has been filed to the High Court on behalf of thousands of London black cab drivers
Uber to slash 200 jobs in layoff resurgence June 22, 2023 Uber is preparing to cut 200 employees from its recruiting team in its ongoing drive to improve efficiency. The ride-sharing app is slashing over a third of its recruitment division, less than one per cent of its total global workforce, according to sources cited by the Wall Street Journal. It comes as Uber is trying [...]
Uber chased by HMRC for extra £386m VAT August 2, 2023 HMRC is pursuing Uber for £386m extra in VAT, after paying £615m to resolve a tax dispute last year. In its results statement yesterday, Uber said that “UK tax authorities had disputed the amount and manner in which we were applying VAT to our UK business,” since the restructuring of its business model last March. [...]