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The drivers, for whose services there clearly is demand, would find other work driving.
I'm not convinced by this. A couple of the main points of Uber is convenience and price. Personally I rarely use it in London but I use it in other countries as it is just so much easier to use an app you already have than try and find a local service with the difficulties of language, payment, etc
I know a lot of people who do use it in London though because it's cheap. For instance they wouldn't use black cabs for the same journey as the cost differential compared to alternatives such as public transport is too high.
This is excellent news. Guardian article:
https://www.theguardian.com/technology/2019/nov/25/uber-loses-licence-london-tfl
At the very least, I expect them to finally have to spend some money on running a service that is not so utterly shoddy--and for other public authorities, in the UK and elsewhere, to feel empowered to take them on--, but if they disappeared from London altogether, that would without any doubt be a good thing. The drivers, for whose services there clearly is demand, would find other work driving.