Uber ride-hailing service on the streets of UK

How Much Do Uber Drivers Make? Driving for Uber in the UK

With the gig economy being popular globally, part-time work with companies such as Deliveroo and Uber is becoming a lucrative choice for people looking for flexible work hours. Many people turn to the gig economy for extra income at weekends, or even as a full-time job. 

If you have a car or a bike and you want to make use of your free time, applying for a job in the gig economy is a good choice. This option offers flexibility and you get to decide when you work so you can tailor it to your schedule. 

However, going into jobs like Uber is not that simple. It often requires a lot of initial investment to prepare a car, apply for a license, get private-hire insurance, and even budgeting for additional costs like tax, petrol, and maintenance. While the flexibility of the gig economy gives a sense of ease in starting out, there’s actually a lot of effort and cost needed. This inevitably gives the pressure of getting a return on all their registration and starting costs. As such, it is really important to consider whether you can commit time and dedicate yourself to actually driving for Uber or cycling for Deliveroo and Uber Eats.

Starting Costs in Driving for Uber

Uber car on London streets. Credits to the Economic Times

Of course, you will have much fewer costs to worry about if you already have your own vehicle. However, this does not mean you will be saved from other heavy costs such as maintenance, repair, petrol, insurance, and wear-and-tear costs. 

For those without their own car or whose current cars do not meet the TfL standards, PCO Cars for Hire companies are becoming increasingly popular. These companies rent out four-door cars that already meet TfL requirements and come with a Private Hire Vehicle License. Usually, these companies charge per week or per month and often have a minimum term contract to assure a return for leasing out the vehicle. Sometimes, they already include private hire insurance and cover maintenance costs for an extra fee compared to their base costs. This can be helpful to get a full convenient package instead of finding your own insurance.

Aside from this, you’d still have to cover other costs such as petrol and parking costs. Both of these can drastically change depending on the car you plan to use. For cars like Honda and Toyota, the mileage may be forgiving so that your cost will go at around £200 for each month, but for drivers owning an Insignia, they can expect their costs to go up at around £400.

Being an Uber driver also means you have to keep your car presentable at all times. This means constant cleaning and checking. Naturally, riders wouldn’t want to be in a dirty car so having the interior and exterior clean and polished is a must. Otherwise, you can expect your ratings to go down pretty quickly. 

In the end, there’s a lot of things you need to consider before starting a career with Uber. The prospect of having flexible work hours may seem attractive, but you should still think carefully about the costs and even the effort you need to put into gathering all the paperwork.

Well, if you still think you’re meant for this job and determined to achieve success, that’s great! What exactly is in store for you?

How Much Can You Make Driving with Uber?

Uber driver checking the Uber mobile application

There are actually a lot of mixed opinions about this as it usually depends on when drivers decide to go out and in what region they are driving in. As expected, the highest fares are rides within London and can rake in a lot of revenue for drivers, especially when there are surges during peak hours. However, heavy congestion can also take a toll on their earnings.

According to numerous accounts from drivers, including those in forums, they can make around £700. But, this pay is for those who tend to pull off 60-hour workweeks. This means they work more than 8 hours per day just to get close to the £1000 mark. From there, Uber takes a 25% cut from your revenue before you get your actual pay. If you keep this up, you’ll steadily get £700-750 per week, maybe a few hundred more if you’re able to take advantage of surges and price patterns.

After all that, you get your £700. This, unfortunately, doesn’t include the costs of running a car like petrol, cleaning, maintenance, insurance, and other expenses you might have to pay for. 

If you need more assurance, the average pay for an Uber Driver is said to be around £18,000 to £19,000 per year according to the job review website Indeed.

Other Gig Economy Opportunities

Uber Eats Courier riding a bicycle to deliver an order

If you’re still looking for opportunities to make money on the side without the massive commitment Uber driving requires, you can also consider working for Deliveroo or Uber Eats. These roles are substantially easier as they accept scooters, motorbikes, and bicycles for delivery. The process is also much easier and you do not have to worry about insurance if you are going to use a bicycle for your deliveries.

Other than the extra income, biking around the city for money also works you out! Essentially, you’re earning money while also staying fit.

According to online forums, working for UberEats can get you anywhere from £9 to 14 per hour. So if you think this extra income would be a nice option for you, go for it! If you’re looking to have a much more serious job, then driving for Uber is also an option.

In the end, it’s also really helpful to get anecdotes from those currently working in the industry. Next time you book an Uber ride or pass by a driver waiting for his next ride, you can strike up a friendly conversation with them to see if this job really is for you.

Past Prime Ministers of the United Kingdom

How Much Does the Prime Minister Earn? A Short Primer

As the world grows restless due to this pandemic and the numerous lockdowns, we turn to our national government for guidance and stability. The demand for public services has greatly increased during the quarantine, and additional pressures are exerted on government officials to keep the virus at bay.

At the helm of the pandemic response is the current Prime Minister Boris Johnson. Beginning November. he recently put England back in a national lockdown in an attempt to curb the resurgence of COVID-19 cases as medical institutions reach their capacity. With the pandemic greatly affecting not only the NHS but also numerous businesses like pubs, restaurants, gyms, and non-essential shops, Johnson is facing a huge challenge to combat the spread of the virus while preserving the welfare of the public and their economic security. 

In fact, the Prime Minister expressed intentions in October to resign from the top position in six months due to the insufficient pay he is receiving. This makes us wonder, how much do ministers, Members of the Parliament, and the Prime Minister earn?

The Salary of a British Prime Minister

10 Downing Street. The official residence of the Prime Minister of the United Kingdom.

10 Downing Street, the official residence of the Prime Minister of the United Kingdom. Credits to the Daily Mirror.

 

Actually, the salaries of MPs and other parliamentary staff are regulated by the Independent Parliamentary Standards Authority while those of the ministers are regulated by the government. They are responsible for making sure that public officials are adequately compensated through their salary, pension, and living expenses as they fulfill their position’s responsibilities. However, it was announced in early October that the salaries of government ministers would be frozen for one year, which comes after the IPSA presented a £3,000 pay rise for its members. This was in consideration of the grave situation the country is suffering and the dire economic uncertainty many citizens are facing. Johnson’s spokesperson also affirmed this, citing the pressure on public services such as the NHS as more crucial institutions during this time. 

Due to this freeze of pay, ministers’ salaries remain at 2010 levels while Lords’ ministerial services will remain at 2019 levels.

For Johnson and even predecessors such as Theresa May and David Cameron, they receive a salary of around £150,402 per annum, which already includes their basic pay of around £72,000 as Members of the Parliament. This, however, does not yet include the expenses for using official residences such as 10 Downing Street and Chequers, which come with staff and heavy security detail. 

Historically, a Prime Minister’s salary increases over time as part of the average rise in salary for public sector workers. However, their salaries have been repeatedly frozen since 2010. David Cameron received around £142,500 at the start of his term but ended with the current salary of £150,402. 

Their salary has increased slightly to £152,532, which should have been the salary received by Johnson’s predecessor Theresa May. Due to the freezing of salaries, she was never able to avail the raise in salaries the position entitled her to. 

Other than their salary, the top leaders often need a lot of additional funding to fulfill their duties and responsibilities in running the country. They are often generously funded for their travels and living requirements, as well as for running an office to facilitate the full operation of their job

With all these additional perks, it’s often hard to say how much a Prime Minister makes. Aside from their salaries, they often receive more than that unofficially as part of their position.

One thing’s for sure: it is definitely much more than the average British salary. According to the Office for National Statistics, the median salary in the UK for the financial year ending 2020 is £30,800. This makes the Prime Minister’s salaries nearly five times the salary of an ordinary British citizen. It comes as no surprise though, being the most influential official in the government.

Retiring with Privileges

Ex-Prime Minister David Cameron enjoying a vacation in Cornwall

Ex-Prime Minister David Cameron enjoying a vacation in Cornwall. Credits to The Telegraph

 

If you’re wondering how they manage after their term, serving as Prime Minister has some privileges that can keep them afloat for the rest of their lives. Ex-Prime Ministers are given very generous pension deals that often amount to the annual salary of MPs. Generally, they get approximately half of their salary from when they led the country. In fact, it was reported that ex-PM Tony Blair had a hefty package of around £80,000 per year as an OAP. 

Of course, becoming the figurehead running the whole country means that they are also entitled to other benefits aside from their salary. Being a Prime Minister makes one’s name quite well-known throughout the UK, which merits numerous provisional needs. This includes living and travel expenses, London residence allowances, staff, and bodyguards wherever you go. Not only this, ex-Prime Ministers will probably be revered and commemorated for a very long time as they often get a lot of additional income from speeches, speaking opportunities, memoirs, and other honorary positions given to them.

 

For a pretty important position, the Prime Minister receives quite a decent amount from the taxpayers. Nonetheless, such a position should not be taken lightly, as the security, integrity, and prosperity of the country rely on the fervent leadership of whoever takes up this position. Especially during times like this, it is the most crucial time for the Prime Minister to show that he is truly deserving of the funding and support he receives from all his constituents.