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The United Kingdom's Supreme Court ruled Friday that Uber drivers should be classified as "workers" and not self-employed independent contractors, dealing a major blow to the ride-hailing giant's business model.Why it matters: Uber has 65,000 active drivers in the U.K., according to the AP. The ruling could have major implications for the gig economy in Britain writ large.Stay on top of the latest market trends and economic insights with Axios Markets. Subscribe for freeDetails: The court's seven judges unanimously upheld a tribunal's ruling that affirmed the foll...

Uber has lost a long-running employment tribunal challenge in the U.K.'s Supreme Court -- with the court dismissing the ride-hailing giant's appeal and reaffirming earlier rulings that drivers who brought the case are workers, not independent contractors. The case, which dates back to 2016, has major ramifications for Uber's business model (and other gig economy platforms) in the U.K. -- and likely regionally, as similar employment rights challenges are ongoing in European courts. European Union lawmakers are also actively eyeing how to improve conditions for gig workers, so p...

A group of Uber drivers are entitled to worker rights.The ruling on Friday (Feb 19) from Britain's Supreme Court means some workers will be able to claim rights such as the minimum wage.In a case led by two former Uber drivers, a London tribunal ruled in 2016 that they were due entitlements, including paid holidays and rest breaks.Uber drivers are currently treated as self-employed, meaning that by law they only get minimal protections.That's a status the Silicon Valley-based company sought to maintain in the long-running legal tussle.A judge in the appeal said on Friday that "t...

Britain's Supreme Court ruled unanimously Friday that drivers for the ride-hailing service Uber are company "workers," not independent contractors, and are therefore entitled to the national minimum wage, paid annual leave, and other benefits. The court also agreed with lower courts that Uber drivers are on the clock when they are logged in to the app, ready to accept passengers, not — as Uber had argued — only when they are actually driving people to their destination. Uber has 65,000 active drivers in the U.K., The Associated Press reports, and the ruling threate...

© Getty Images Britain's top court plans to issue a ruling Friday on protections for Uber drivers, a decision that could affect millions in the rideshare and gig industry, according to a report from Reuters. In 2016, a London employment court ruled that Uber drivers were entitled to minimum wage and paid vacation, according to the wire service. However, Uber appealed the decision to Britain's Supreme Court, which is now set to deliver a verdict on Friday morning at 9:45 a.m., local time.  Uber drivers within the country are treated as self-employed, which provides them very little protec...