Following the completely disgraceful ruling revoking Uber's licence in London the Adam Smith Institute is leading the attack on the decision by TfL and Sadiq Khan that will leave Londoners worse off, less safe and with less choice over their lives.

Sam Dumitriu, research economist at the Adam Smith Institute, slammed the decision saying:

"TfL's decision to revoke Uber's license is a disaster for Londoners. They are choosing to punish the 3.5 million Londoners who regularly use Uber just because it's cheaper, it's safer, and it's quicker. This decision jeopardises the livelihoods of 40,000 drivers who choose to use the app because it gives them valuable flexibility.

"The only people that will benefit are the Black Cab lobby who have crushed a competitor through cronyism, rather than providing a better service.

"Londoners will face higher prices, longer wait times and will no longer benefit from a safe service where every journey is logged and tracked by GPS.

"Sadiq Khan likes to claim that London is open, but this decision sends a powerful message that London is completely closed to innovation, competition and business."

For further comment or to arrange an interview please get in touch with Matt Kilcoyne via email (matt@adamsmith.org) or phone (either 02072224995 or 07584778207).