Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

After long dispute, London metro to run all night at weekends

Published 05/23/2016, 07:30 AM
Updated 05/23/2016, 07:40 AM
© Reuters. Commuters brave rush hour on the northern line on the London underground in London

LONDON (Reuters) - Trains will run all night at the weekend from August 19 on two lines of the London Underground metro network in what new Mayor Sadiq Khan said on Monday would be a boost to the British capital's night-time economy.

Plans to introduce all-night services on the Tube, as Londoners call the Underground, were one of the main causes of a long-running dispute between management and the RMT rail workers' union that involved several strikes.

"The Night Tube is absolutely vital to my plans to support and grow London's night-time economy, creating more jobs and opportunities for all Londoners," Khan, who was elected mayor earlier this month, said in a statement.

The RMT said there were still unresolved issues concerning the Tube's engineers and it urged management to move quickly to reach a settlement with that group of workers that did not leave them disadvantaged on conditions and pensions.

"All parties have to be clear that Night Tube, a development that RMT supports, cannot be delivered on the cheap," the RMT's General Secretary Mick Cash said in a statement.

The 24-hour weekend services will start on the Central and Victoria lines, with the Piccadilly, Jubilee and Northern lines to follow in the autumn.

The statement from Khan's office said hundreds of thousands of late-night revellers and shift workers would benefit, with journeys cut by an average of 20 minutes and some by more than an hour.

The statement said this would support around 2,000 permanent jobs and boost London's economy by 360 million pounds ($521 million).

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

($1 = 0.6911 pounds)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.