As we go to press workers on London Underground are balloting over strike action to defend job cuts and pay.
London Underground is cutting more than a thousand jobs in administration grades. Transport for London is due to cut around three and a half thousand jobs over the next eighteen months.
At the same time London Underground have made an offer of a five-year pay deal — RPI plus one percent in the first year and then RPI only for the next four years. That is an effective pay cut.