A wave of rail strikes set to hit Britain later this month could cost the economy almost £100m – with London taking the biggest hit.
That’s according to analysis by the Centre for Economics and Business Research, which estimates around 250,000 people will be unable to work on June 21, the first day of strike action.
CEBR said: “Accounting for the monetary cost of staff absences, this equates to a total estimated output loss of £91m across three days of strikes.
“Just short of half this cost, equating to £45.1m, is set to be felt on the first strike day.”
London accounts for almost 60pc of the economic hit, with an estimated £52m loss of output forecast to reduce gross value added to the capital by 1pc. The southeast and East of England also face significant losses.
More than 50,000 workers from National Rail and 13 other operators will walk out on June 21, coinciding with a Tube strike in London, while another 40,000 union members will strike on June 23 and June 25.
The strikes, organised by the RMT, are set to wipe out rail services for almost the entire week. It’s the biggest walkout on the public transport network since 1989.