London regulator says Uber not fit to operate in city

London says Uber is not welcome. Remember when everybody loved Uber, yeah, that's been over for a long time now. London's transportation agency says that Uber will not be issued a private hire license after its current license expires on September 30th. Transport of London said that, Uber London Limited is not fit and proper to hold a private hire operator license. It also said that Uber's approach and conduct demonstrate a lack of corporate responsibility in relation to a number of issues which potential public safety and security implications. London's mayor is agrees with agencies decision and the statement he wrote all companies in London must play by the rules and adhere to the high standards we expect particularly when it comes to the safety of customers. He went on to say he fully supports the Transport of London's decision. A rival ride hailing company, My Taxi, sent out a message to its users that said, 50% off fares now. My Taxi to undercut Uber X on news that they are not fit and proper to operate. However, this news does not mean the end of Uber in London just yet. Uber is appealing this decision, and while it is in the appeal process Uber will be allowed to continue its services until any appeal processes have been exhausted. Uber's GM in London said their 40,000 licensed drivers rely on Uber to make a living. In the recent past Uber has been mired in controversy, we'll have to see how Uber's new CEO handles the latest issue. For more coverage check out cnet.com, I'm Iyaz Akhtar and I'll see you online