London's transport regulator on Friday stripped Uber of its licence to operate by refusing to renew it. The licence expires at the end of the month, affecting over 40,000 drivers in a huge blow to the taxi app, although Uber does have three weeks to appeal.

"TfL considers that Uber's approach and conduct demonstrate a lack of corporate responsibility in relation to a number of issues which have potential public safety and security implications," Transport for London said on Friday. "Transport for London has concluded that Uber London Limited is not fit and proper to hold a private hire operator licence," it added.

The final day of Uber's licence will be on September 30. In London, the firm has faced criticism from unions, lawmakers and traditional black cab drivers over working conditions.

Uber has the right to appeal the decision within twenty one days.

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