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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.
aggi-
I am convinced by it. The advantage that Uber had a few years ago because of its novel 'app' can now easily be caught up on by competitors. If all of its drivers are 'released', there will be someone else waiting for them.
I mean, I would personally prefer it if this kind of taxi service ended in London altogether, but it won't, and I'd prefer pretty much any smaller competitor over Uber, one of the worst companies around.
Oliver Schick
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.