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Uber might have to pay £2 million to operate in London
Transport for London (TfL) is proposing licence fee changes that would foot Uber with a £2 million bill. The regulator opened a consultation today that would change the current two tier-system, "small" and "standard," to a more expensive five-level structure. Right now, private hire operators with two vehicles or less pay £1,488 for a five-year licence, while those with three or more pay £2,826. Under the new system, companies with more than 1,000 vehicles would fall into the highest category and have to choose from one of two payment structures: £33,304 per year, plus £14 per registered vehicle, or £166,518, plus £68 per vehicle for a five-year licence.
