Skip to content
City PM
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Opinion
  • DE
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Opinion
  • DE
Wednesday 14 December 2022 3:17 pm

It’s beginning to look a lot like chaos: Rail strikes hit London as businesses shed Christmas bookings

By: Emily Hawkins, Stefan Boscia and Ilaria Grasso Macola

Add as a preferred source on Google
UK Rail Workers Strike In The Lead Up To Christmas
Members of the National Union of Rail, Maritime and Transport Workers (RMT) are striking across the UK in the run-up to Christmas and over the festive period holding out for a pay increase above the rate of inflation which is currently at 11%. (Photo by Leon Neal/Getty Images)

Parts of London resembled a ghost town yesterday as rail workers kicked off the first of several days of strikes.

Bars in the capital warned they are haemorrhaging tens of thousands of pounds in lost bookings due to mass walkouts deterring commuters, raising the threat of businesses missing out on their third ever-critical golden quarter in a row.

Industry groups UKHospitality and the Night Time Industries Association estimated that venues would lose between £1.5bn and 2bn due to the slew of strikes.

Nightlife bosses also warned firms would go bankrupt and thousands of jobs could be lost.

London Bridge bar Amazing Grace shed £50,000 due to cancelled Christmas parties, with Sammie Ellard-King from the venue saying staff’s lost hours was “really upsetting”.

City cabaret club owner Alex Proud said his venue was sold out every night a month ago but was now down £30k in 24 hours. After three years of Covid-19 disruption, Proud said he was “in shock” that the industry was “now being hit again.”

Unions were “recklessly holding the country to hostage at the expense of everyone else”, Sarah Willingham, founder of the Nightcap cocktail chain owner, said.

The Cocktail Club and Tonight Josephine owner called on the government to intervene so unions were “not able to take action that will cause irreparable damage to our economy.”

Read more

As it happened: Stocks jump on defence and metals boost; Oil on track to shed a fifth on US-Iran peace hopes

FTSE 100 stocks rise as Brent crude oil prices jump 1.8% to $104.98 amid Strait of Hormuz tensions and Trumps Iran stance

Figures out yesterday from the ONS revealed 400,000 working days were lost to strikes in October, the highest since November 2011, illustrating the scale of havoc industrial action is already wreaking on the economy.

But, the disruption is set to ramp up in the coming weeks and union bosses told City PM the annual figure could hit the highest this century.

Network Rail staff and 14 other train operators will also down tools on 16, 17 December and 3, 4, 6, 7 January as part of a long-standing dispute over pay and jobs.

Members of the union RMT will also strike between 6pm on Christmas Eve and 6am on 27 December after they rejected a nine per cent pay rise over two years and no compulsory redundancies until early 2025

Springboard data out yesterday showed footfall in Central London collapsed over 31 per cent from last week, signalling consumers are steering clear of the capital to avoid travel disruption.

Rishi Sunak yesterday warned his cabinet that winter will be “challenging” in the face of widespread industrial action.

The Prime Minister’s official spokesman said “the government will do all we can to minimise disruption”, while calling for union bosses to get back to the negotiating table.

Read more

‘Course correction’: UK economy to contract as ‘energy shock catches up’

Rachel Reeves discusses AI adoption for economic growth at UK business conference podium.

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Retail
  • Business
  • Transport & Infrastructure

Related Topics

  • RMT

Trending Articles

  • Exclusive: Big Four giant KPMG to cut more jobs

  • Music tycoon Simon Cowell sued by prominent City lawyer

  • The former African gold miner taking on the billionaire Issa brothers

  • Tesco ‘in talks’ to exit eastern Europe

  • Easyjet agrees to £5.7bn Apollo takeover

More from City PM

  • As it happened: Stocks jump on defence and metals boost; Oil on track to shed a fifth on US-Iran peace hopes

    Markets
    FTSE 100 stocks rise as Brent crude oil prices jump 1.8% to $104.98 amid Strait of Hormuz tensions and Trumps Iran stance
  • ‘Course correction’: UK economy to contract as ‘energy shock catches up’

    Economics
    Rachel Reeves discusses AI adoption for economic growth at UK business conference podium.
  • Iran to close Strait of Hormuz as Trump threatens toll

    Economics
    Aerial view of ships navigating the strategic Strait of Hormuz, highlighting its importance to global maritime trade routes
  • As it happened: Stocks shrug off stalling Iran peace talks; OBR warns Reeves

    Markets
    Breaking news event with gathered crowd and journalists capturing the moment in a bustling city location
  • As it happened: Stocks and oil recover as Iran declares end to strikes; tech rally rocks markets

    Markets
    Breaking news graphic with headline text, featuring a digital world map and icons symbolizing global connectivity
  • Zero-hour crackdown could wipe out seasonal work, Labour warned

    Retail
    Labour MPs are being warned a “perfect storm” of costs facing the retail sector could see seats lost to Reform UK.
  • US and Iran agree to peace deal’s text, negotiators say

    Economics
    Aerial view of Strait of Hormuz with cargo ships navigating the strategic waterway under clear blue skies
  • As it happened: FTSE 100 see-saws amid global jitters as market outlook turns ‘risky and dangerous’

    Markets
    Donald Trump addressing media at a press event, wearing a suit and tie, with reporters and cameras in the background.

City PM — European politics, business and analysis.

Europe

  • Germany
  • France
  • Europe
  • UK & Ireland

Topics

  • Business
  • Markets
  • AI
  • Technology
  • Opinion
  • Energy

More

  • Politics
  • Economics
  • Fintech
  • Legal
  • Sport
  • Life

Company

  • About City PM
  • Editorial Policy
  • Corrections
  • Contact
  • Terms of Use
  • Privacy Policy
  • Cookie Policy
© 2026 City PM · Published by CityPM Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
About · Editorial Policy · Corrections · Contact · Privacy · Facebook