Week-long Tube strike could cost London economy £100m a day

London’s economy could be dealt a blow of £100m per day during next week’s crippling Tube strikes, analysis suggests, as business groups claim the industrial action could help tip the UK into recession.

There will be little to no service across the entire London Underground from Monday to Thursday after the strikes begin on Sunday evening, after RMT members voted by over 90 per cent against an “unacceptable” below inflation pay offer of 5 per cent.

While RMT general secretary has urged (TfL) to “enter into meaningful conciliatory talks to avert disruption”, the body insists its pay offer “is the most we can afford while ensuring that we can operate safely, reliably and sustainably”.