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Sterling has today picked up sharply after weeks and weeks of pressure and selling by investors. This comes just ahead of the MPC meeting to decide their next move on UK base rates and until just a...
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Thursday 21st August 2008
The RMT Union has taken the lead in two new disputes on the London Underground and called for a 24 hour strike at 11 stations across the capital on Friday. This last minute strike although relatively small in numbers is set to paralyse the capital and bring more pressure on the London transport network. So what has happened?
These new disputes seem to revolve around both a breakdown in industrial relations as well as the ‘unlawful’ sacking of a station assistant who took time off after a work related attack. While we will never find out the real reasons behind the two strike actions planned for tomorrow it does not bode well for the future with London Underground Limited recently agreeing a deal to introduce a fair (some would say attractive) basis for future wage reviews.
It seems that for whatever reason the Unions are determined to flex their muscles and show that they are again in the driving seat with regards to the UK economy. Strike action is set to increase across the board with more and more public sector workers planning action for the future. Indeed a recent strike by council workers in Scotland saw burials cancelled and crematoriums closed which cannot be correct no matter what the problems may be. |
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