Uber has lost its license to operate in London

Transport for London has decided not to issue a new private license to popular ride-hailing app Uber, stating that the company has a lack of corporate responsibility which could potentially be a threat to public safety.

Uber has 21 days to appeal against the decision and will be allowed to continue operating throughout any legal processes. "[It shows that] far from being open, London is closed to innovative companies," said Uber.

According to the BBC, opponents to Uber also claim the company causes gridlocked roads and does not properly regulate its drivers. It currently operates in London with 40,000 drivers and up to 3.5 million customers.

"I fully support TfL's decision - it would be wrong if TfL continued to license Uber if there is any way that this could pose a threat to Londoners' safety and security," said London Mayor Sadiq Khan in a statement.

"The mayor has made the right call not to relicense Uber," added General secretary of the Licensed Taxi Drivers' Association, Steve McNamara. "We expect Uber will again embark on a spurious legal challenge against the mayor and TfL, and we will urge the court to uphold this decision. This immoral company has no place on London's streets".

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Tags: uber, london