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Evening Standard
Evening Standard
Comment
Evening Standard Comment

Evening Standard Comment: Tube strikes are costing London £50m a day

Finsbury Park: Huge crowds are at the Tube station

(Picture: James Patterson)

As far as the RMT union is concerned, it’s a bargain: four days of chaos for the price of two. But the cost to the capital, the pain for commuters and businesses alike, is far greater.

As we report today, economists calculate that the industrial action will cost the London economy £50 million for each full day’s closure of the Underground. The setback comes as our restaurants, hotels and shops are trying their utmost to make up the £80 billion in lost trade over the last two years as a result of the pandemic.

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