Summary
A Tube strike, starting on Sunday, in London is causing financial concerns for local businesses. The strike is expected to have a significant economic impact, potentially costing around £230 million and affecting public transport as well as businesses dependent on commuter traffic. Business owners, like Prasanna Callaghan of Crumpets Cafe, worry about the loss of income, while the RMT union attributes the strike to unresolved issues with management over pay and working conditions.
Key Facts
- The Tube strike in London began on a Sunday and will last for five days.
- Prasanna Callaghan, owner of Crumpets Cafe, expects to lose £600-£700 each day due to the strike.
- The Centre for Economics and Business Research estimates the strike could cost about £230 million in economic losses.
- The strike affects London Underground services, causing disruptions until Thursday.
- Members of the Rail, Maritime And Transport union (RMT) are on strike over pay and working conditions.
- Sectors such as retail and hospitality in London are experiencing reduced footfall and consumer spending.
- The RMT is asking for a 32-hour workweek, citing issues like "fatigue management" for its members.
- TfL has been criticized for not considering a small reduction in the working week as a solution.
