Uber has “cannibalised” London’s bus network, according to a consultant.
Uber’s popularity has helped push up the number of private hire drivers in the capital from 65,000 in 2013/14 to more than 116,000 today.
Says KPMG: “The effect of this has been to cannibalise the bus market, for two reasons: first, because Uber provides a viable alternative to bus travel around the city; and second, because its proliferation increases congestion, thereby slowing...
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