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Tuesday, November 29, 2022

Londoners face yet another price hike as Uber ‘to rise fares by 20%’

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ondoners could be set for another price hike following a court ruling on Uber fares.

After Uber lost a court battle over VAT payments, passengers could face a fare hike of 20 per cent within weeks.

Transport for London (TfL) has set the record straight saying they are working with Uber to make the changes after it was reported TfL were “pressuring” the company to make the changes.

Tfl said: “As the regulator of taxi and private hire services in London, we work with all operators to ensure they satisfy the requirements to hold private operator licence.

“We are not pressuring anyone to make the changes, we are just working with operators to ensure they comply.”

Last February, the High Court ruled that Uber is liable to pay VAT in the UK.

The High Court upheld the ruling in December, meaning operators now need to enter a contract with passengers as opposed to previously entering into a relationship with them.

Uber has insisted it will comply with the new VAT charge while rivals Bolt and Ola may also be required to introduce the fee.

A spokesperson for Uber said at the time of the court ruling in December: “Every private hire operator in London will be impacted by this decision, and should comply with the Supreme Court verdict in full.”

This comes as passengers were hit by a 10 per cent price increase in November as the operator attempted to attract drivers back who had left the business.

TfL is the authority which issues licences for private hire operators in London.

The operator had previously suspended Uber’s licence, which runs out next month.

This comes as London mayor Sadiq Khan increased fares across the network by an average of five per cent.

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