Uber stock rises as UK VAT ‘taxi tax’ takes effect; what investors watch next
NEW YORK, Jan 2, 2026, 14:30 ET — Regular session Uber Technologies (UBER.N) shares were up 0.9% at $82.48 on Friday afternoon. The move came as investors tracked a UK tax change affecting ride-hailing economics and Uber’s contract rewrite for drivers outside London. The Guardian The timing matters because the UK’s value-added tax (VAT) — a sales tax — can quickly change what riders pay and what drivers earn. Those two levers often decide whether ride-hailing platforms can grow volumes without giving up margins. The Guardian Britain said on Friday that private-hire vehicle operators in London can no longer use