The Adam Smith Institute welcomes the sensible ruling by Transport for London on granting a 15 month license for Uber in the capital.
Head of Research, Sam Dumitriu, says:
"Uber have rightfully had their license reinstated, albeit on a short-term basis. Transport for London’s original decision to revoke their license sent a message that London was not open to innovation and competition. They should now open London’s minicab market up to other foreign operators such as Lyft and Estonia’s Taxify. In the long run, competition will be the best regulator."
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