What fake taxis are you talking about? I'm not aware that
Uber deploy fake taxis and TfL are not either. To the best
of my knowledge Uber drivers use conventional saloon cars
like the Toyota Prius.

Uber is a minicab firm that has analysed the market with great
precision and has worked out how to tap into that market by
utilising modern technology that happens also to be fashionable.
As I said earlier I have no connection with Uber and I don't use
them, so I don't care what they charge. It's a free market and they,
like anyone else, are entitled to charge what the market will bear.
If people don't like or don't approve of surge pricing, they shouldn't
use Uber when demand is high, e.g. during a tube strike.

Uber are not disrupting other service providers. They are competing
with them and they are not unregulated. TfL have confirmed that Uber
are conforming to the same regulations as other London minicab firms.

I admire any company that can analyse a market shrewdly and enter
that market late in the day and quickly outperform longstanding players.
I don't necessarily like such companies but I respect them.

How this eventually plays out, no-one knows. The black cab trade
clearly hasn't the first clue how to compete with Uber and I suspect
that small, local minicab firms do not realise that their days are
numbered. What I do not want is Uber to have a near monopoly.
I hope that the more alert minicab companies, like Addison Lee,
Keen and Greyhound will offer the same app-based service that
Uber are providing and give Uber some real competition.