Businesses warn tube strikes will cost 'tens of thousands' in hit to London economy
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Businesses warn tube strikes will cost 'tens of thousands' in hit to London economy
""It's dramatically dropped," says the manager of MuMu Street Food, a restaurant that serves Asian food near Moorgate. "We [usually] have a queue, we're non-stop working, but now I have nothing to do but sit and wait for customers.""
""Our shops across the city and Canary Wharf have been hit with anywhere between 15 per cent and 20 per cent less footfall and sales accordingly. A huge hit for a chain our size again with this unnecessary strike action.""
""It will cost us tens of thousands of pounds this week. Very frustrating and another hit to the hospitality sector, especially the retail sector.""
The tube strikes in London have led to a dramatic decrease in customer numbers for local traders, particularly in the hospitality sector. Restaurants like MuMu Street Food report a 50% drop in customers, while Birley's sandwich shops experience a 15-20% decline in footfall. Workers are also affected, facing longer commutes. The financial impact is substantial, with losses amounting to tens of thousands of pounds for businesses. The situation is described as frustrating and detrimental to the retail sector, raising concerns about future operations.
Read at The Independent
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