Getting digital: Smart solutions for how to tax the gig economy January 23, 2018 After causing so much disruption to established organisations over the last few years, 2017 was the year the gig economy’s own set of growing pains came to the fore. Legal challenges, additional regulation, and uncertainty over employment classifications have all dominated the news reels. 2018 has opened with renewed pressure on the government to raise [...]
Uber’s heading to the UK courts over workers’ rights July 20, 2016 Uber and its drivers will head to court today to battle it out in a legal case over workers' rights. The hearing at an employment tribunal is due to begin in London and is expected to rule on the status of some Uber drivers in the first case of its kind in the UK. The action [...]
Deliveroo launches corporate service in fight against Uber and Amazon September 26, 2016 Deliveroo is ramping up its fight against rivals such as Uber and Amazon with a new corporate service squarely aimed at business workers. The food delivery startup will launch the new dedicated "Deliveroo for Business" service this week with British Land, Innocent Drinks, Survey Monkey and Eventbrite already on board. Read more: Cheers! Now Deliveroo's delivering [...]
One in three London car journeys to be driverless by 2025, says consortium led by Addison Lee and Ford October 12, 2017 Driverless ride-sharing could account for a third of all trips in London by private drivers in 2025, according to a government-backed consortium led by Addison Lee. Some 34 per cent of private drivers’ journeys could be replaced, while up to 30 per cent of taxi and private hire journeys could also be served by autonomous [...]
Who actually owns your personal data? Certainly not you November 6, 2017 Big businesses own us. Many of us feel like Facebook and Google have us pinned. They know everything about us, they can use our data however they want, and there’s no escape. Or is there? The reality is, we are on the brink of a major switch from corporate data ownership to individual ownership. People [...]
Hired raises another $30m to recruit tech talent for Facebook, Uber and top tech companies November 9, 2016 Recruitment startup Hired has landed a new round of funding just months after it last raised cash, City A.M. can exclusively reveal. The Ontario Pension Board and wealth advisory firm Glenmede Trust, both of which already have a stake in the firm via venture capital (VC) investments, are among new investors to put $30m (£24.2m) into the startup, [...]
Giving Uber drivers “worker” status is bad news for passengers, the gig economy and the drivers themselves October 28, 2016 Friday's decision to grant two Uber drivers worker status is bad news not just for Uber, but for its drivers, its customers, and the future of the “gig economy” as a whole. It is primarily bad for Uber drivers. We know for a fact that, by vast margins (five to one), they don’t want to [...]
Employment tribunal ruling could cost Uber over £17m, says employment lawyer October 28, 2016 Today's landmark ruling by an employment tribunal that Uber drivers are not self-employed but entitled to basic workers' rights such as holiday pay, could cost the company in excess of £17m, according to an employment lawyer. Sean Nesbitt, partner in the employment team at law firm Taylor Wessing, said: "It is economically significant to Uber. [...]
Uber’s driverless cars hitting roads within weeks after $300m Volvo tie-up August 18, 2016 UpstartUber and traditional car brand Volvo are hooking up to travel together on the road towards an autonomous car filled future – which may not be as far away as you think. Volvo will make the cars and sell them to Uber, the two firms revealed today, investing a combined $300m on the project. Read more: [...]
Investing in disruption: Is the US tech boom a bubble? November 28, 2017 It has been a fantastic year so far to be a technology investor. The Fang (Facebook, Amazon, Netflix, Google) stocks are leading again and are now up 33.6 per cent on average year to date. Add Tesla and Nvidia into the mix, and we have a group of businesses that capture the imagination of both [...]