"Cebr estimates the economic impact will be substantial, with direct losses from lost working days this week ranging from £130 million to £250 million."
"The cumulative direct cost to the UK economy from April to June could rise to between £390 million and £760 million."
"This week's action alone is estimated to have resulted in between 320,000 and 630,000 lost working days, with the majority arising from the broader commuting base."
"If the upper bound of lost working days is realised across all three strike periods, the direct losses would reduce London's nominal Gross Value Added (GVA) growth by approximately 0.1 percentage point in 2026."
London is experiencing four days of travel disruption due to RMT strikes, with economic losses estimated between £130 million and £250 million for this week alone. The strikes are a result of disputes over driver shift restructuring proposed by TfL. If unresolved, similar strikes are expected in May and June, potentially increasing cumulative losses to between £390 million and £760 million. The strikes have led to an estimated 320,000 to 630,000 lost working days, primarily affecting the broader commuting workforce. The direct impact may reduce London's GVA growth by 0.1 percentage point in 2026.
Read at London Business News | Londonlovesbusiness.com
Unable to calculate read time
Collection
[
|
...
]