If Uber fails to reach a deal to extend its licence in the capital Londoners could face paying an extra £90million a year in taxi fares, according to figures obtained by one London Assembly member.

The app-based taxi firm l odged an appeal against Transport for London's (TfL) decision not to extend its London licence at Westminster Magistrates' Court on Friday (October 13).

The appeal is ongoing but a failure to have its licence renewed would ban Uber from operating in the capital.

Figures obtained by Conservative LA member Andrew Boff, published on Tuesday (October 16), show that if a deal is not reached the financial consequences for passengers and drivers could be huge.

Figures obtained by Mr Boff show the following:

Excluding surge charges, the cost of an average 6.4-mile journey from Charing Cross to Hammersmith is £15 in a standard Uber, compared with £25 in a black cab.

  • With one million Uber journeys taken in London per week, and with black cabs making up 17% of all licensed cars, Londoners would pay an extra £89.5million if they used black cabs as alternatives.

  • The ban would also impact on Uber’s 40,000 drivers, who earn on average £15 an hour and work an average of 30 hours per week.

  • Across the sector, an upholding of the ban would cost the 40,000 drivers £864million in lost earnings if they are all put out of work.

Mr Boff said: "These numbers may seem dramatic but they underline the huge economic damage this ban would do to millions of Londoners and thousands of drivers in our city.

"The Mayor repeatedly talks about London being open for business but this attack on consumer choice and value for money has happened on his watch.

"Having taken the terrible decision to refuse Uber a license, I hope the Mayor and TfL will now reverse their decision without the additional expense of a legal fight."

Uber's licence renewal was refused by Transport for London (TfL) in September on the grounds of "public safety and security implications".

More than 850,000 people have signed an online petition launched by Uber, urging TfL to reverse its ruling.

After Uber lodged its court appeal on Friday, a TfL spokesperson said: "We note that Uber has submitted an appeal. No further comment will be made pending the appeal hearing."

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