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All Uber drivers in london must be licensed by TFL to operate. That license is the valuable bit, and is entirely seperate to uber.

Why is the license a good idea? because it stops rapists posing as taxi drivers (which alas is still a problem even with prominant signage.)

Uber only provides a customer gateway, there are may other out there.

For those of you in the US, the important thing to note is that the market is much freer than say new york, there are only two requirements:

1) a safe car

2) a minicab license (https://tfl.gov.uk/info-for/taxis-and-private-hire/licensing...) which is reasonably cheap.

As a customer, I'm happy with that level of regulation.




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