In these times of austerity, job insecurity and falling real incomes, tube drivers in London appear to have on the table a relatively generous-looking offer from their employers London Underground. A four year pay deal will be put to union members that could take the gross pay of Tube drivers, currently around £46,000, to over £50,000, while some staff could receive a £10,000 pay rise over the four years.

Union density has been falling for a long period in the British economy as a whole but remains high for drivers most of whom are members of Rail Maritime and Transport union under their media savvy leader Bob Crow. The tube drivers would appear to have genuine clout in their collective bargaining negotiations especially with the London 2012 Olympics less than a year away. The authorities will be desperate to avoid or at least minimise the risk of industrial action as the Games come into focus and the eyes of the world are on the capital.

In return for agreeing to temporary changes to existing working arrangements during the Games, all train drivers employed by LU will receive a one-off payment of £500.

Gross annual earnings of £50,000 will include overtime and un-social hours payments and would take senior drivers comfortably into the higher echelons of the wage and earnings distribution in the UK. Indeed using the excellent IFS income distribution calculator “Where do you fit in?” this would place the highest-paid tube drivers comfortably in the top ten per cent of income earners in Britain.

More here on wage negotiations for London Underground drivers: Tube drivers’ salaries to rise to more than £50,000 (Guardian)

 

Featured
CPD courses

Economics Teachers National Conference 2015

Our popular Economics Teacher National Conference takes place on Monday 22 June 2015 at the superb Wellcome Collection Auditorium on Euston Road in Central London. This is the leading enrichment CPD event for Economics teachers in the UK and always attracts a good number of teaching colleagues from further afield too!Confirmed speaker line-up:Duncan Weldon - BBC Newsnight Economics Correspondent (Economic Policy after the Election)Sir Paul Collier, Oxford University - Where next for Development Economics?Adrian Woolridge (The Economist) - The Great DisruptionDavid Smith (Economics Editor of the Sunday Times) Prospects for the UK EconomyOur delegate prices are:Single Delegate - £175 per personDepartment Deal - £125 per person (for two or more colleagues attending from the same school or college)PGCE / NQT - £75 per person

Learn more ›

Teaching & learning products

Edexcel AS Economics Worked Answers (2014)

Exemplar A Grade answers, with Examiner commentary, to the Edexcel AS Economics Unit 1 and Unit 2 exam papers sat in summer 2014

£5.00

Edexcel A2 Economics Worked Answers (2014)

Example A Grade answers to the Edexcel Unit 3 and Unit 4 exam papers sat in June 2014

£5.00