As travel restrictions ease and the ride-hailing market recovers, a survey found that nearly two-thirds of the capital’s ride hailing drivers are in debt with 83 per cent suffering increased anxiety and stress.
Nearly 95 per cent saw their incomes plummet when the pandemic hit with a fifth losing more than £1,400 a month income at the peak of the Covid-19 health crisis.
This downturn in earnings forced over a quarter (27 per cent) to seek alternative work, with eight percent giving up ride hailing completely and changing profession.
However while the majority of drivers expressed uncertainty about the recovery as lockdown is lifted a third said that they are confident in the industry’s future.
Uber has also given a massive vote of confidence to ride hailing, recently announcing that it needs to attract a further 20,000 drivers to its platform to meet consumer demand in London.
Founder and CEO of WeFlex, who carried out the survey, Nicko Williamson said: “While the pandemic had a savage impact on the ride-hailing industry and thousands of drivers found themselves, overnight, with empty cars and empty roads, all signs indicate a strong bounce-back is in progress.
“The future looks brighter – and greener – than it has been over the past 18 months and the industry is firmly on the road to recovery.”