Skip to content
Thursday 20 August 2026London --:--Frankfurt --:--Zurich --:--
NewslettersSearchEN · DE · FR
MorningWire

European business, markets and politics

FTSE 100
10,743.35
+0.14%
DAX
26,091.33
0.00%
CAC 40
8,501.91
0.00%
STOXX 50
6,444.46
0.00%
  • Europe
  • Markets
  • Business
  • Economy
  • Regulation
  • Politics
  • Opinion
More
GermanyFranceEU InstitutionsCompetitionPublic AffairsBankingTechnologyEnergy
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Economy
  • Regulation
  • Politics
  • Opinion
  • DE
Tuesday 20 December 2022 4:33 pm  |  Updated:  Wednesday 21 December 2022 8:13 am

London businesses lament dismal start to 2023 after another rail strike set for January

By: Emily Hawkins

Add as a preferred source on Google
Christmas Decorations In London's West End
London's West End is recovering from the side effects of lockdown. (Photo by Dan Kitwood/Getty Images)

Hospitality leaders have reiterated calls for rail firms and unions to hash out an eleventh-hour resolution to swerve January strikes, after train drivers announced another walk-out.

Train drivers at 15 companies in the union Aslef have agreed to strike on 5 January, as part of a long-standing pay dispute.

The walkout will take place on the same week as the RMT strikes, when union members working at 14 train operators will walk out on 3, 4, 6, 7 January.

Footfall in the West End was down by 25 per cent between Monday to Wednesday last week compared with the week prior, when the RMT were carrying out a 48-hour strike.

Despite it being the week many shoppers head out to buy Christmas gifts, footfall in the area was down by almost a third on 2019 pre-pandemic levels.

The latest proposed strikes will “further erode the optimism that retail and hospitality businesses will have for the new year,” Dee Corsi, CEO of the New West End Company, told CityA.M.

The head of the group – which represents 600 businesses in the capital’s shopping and theatre heartland – called for all parties to come to an agreement “so that the high street can continue its recovery and look forward to a year of growth in 2023.”

Pub and restaurant bosses have lamented the impact of strike action on their Christmas bookings, claiming the industry is set to lose between £1.5bn and £2bn in sales this month.

Read more

Doctors union tops up £1m reserve pot for strikes

GettyImages 2246649047: Business professionals discussing strategy at a conference table, highlighting teamwork and collab...

Industry group UKHospitality has spoken to government ministers and RMT boss Mick Lynch to communicate how hard strikes have been hitting city venues.

Venues have seen cancellation rates of up to 35 to 40 per cent, which is on a par with the disruption caused by Omicron Covid-19 measures last Christmas, according to UKHospitality.

“Rail strikes are having massive cumulative impacts on hospitality businesses, their workers and their customers,” UKHospitality chief executive Kate Nicholls said.

She added: “It’s essential that all parties involved in the negotiations reach a solution imminently to avoid further strikes.”

The founder of the Nightcap cocktail company, Sarah Willingham, said she had been “disgusted” by the timing of the walk-outs.

Willingham, who oversees the Barrio, Adventure Bar Group and Cocktail Club brands, said  “once again we (retail, hospitality and small businesses) are all in the crossfire.”

She called on the government to intervene and said the walk-outs were “becoming a major incident.”

The Dragons’ Den star said that “many, many businesses would suffer in January, with some forced to close and “thousands” of jobs on the line. 

Read more

As it happened: Choppy day for FTSE 100 after Iran closes Strait of Hormuz as strikes ramp up

Donald Trump delivering a speech at a podium during a formal event, emphasizing key points to an attentive audience.

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Retail
  • Transport & Infrastructure

Related Topics

  • RMT
  • Strikes

Trending Articles

  • Jobless Banquet: Youth unemployment surge ‘sends Neets to KFC’

  • City law firm sues prominent Emirati business family

  • Amanda Blanc has worked her magic at Aviva

  • As it happened: Miners fuel FTSE 100 recovery; oil jumps as Trump claims Strait of Hormuz

  • As it happened: FTSE 100 mixed; oil breaks $91 as Trump rules out new US-Iran ceasefire

More from Morning Wire

  • Doctors union tops up £1m reserve pot for strikes

    Healthcare
    GettyImages 2246649047: Business professionals discussing strategy at a conference table, highlighting teamwork and collab...
  • As it happened: Choppy day for FTSE 100 after Iran closes Strait of Hormuz as strikes ramp up

    Markets
    Donald Trump delivering a speech at a podium during a formal event, emphasizing key points to an attentive audience.
  • Virgin Trains gets green light for channel tunnel route

    Transport & Infrastructure
    Red Virgin high-speed train on tracks at a station platform, under an arched glass roof, with blurred people.
  • As it happened: Stocks reverse losses after Trump threatens harder strikes on Iran; Oil at four-week high

    Markets
    Donald Trump has threatened to sue the BBC for $1bn
  • As it happened: Stocks rise; oil falls after Trump pauses Iran strikes

    Markets
    Donald Trump holding a red TRUMP 2028 hat, wearing a tuxedo with an American flag in the background
  • As it happened: Stocks rise despite IEA warning of ‘critical’ oil issue

    Markets
    North Sea oil terminal with storage tanks and docking facilities under a clear sky, highlighting energy infrastructure.
  • Strait of Hormuz ‘closed’ as Iran and US exchange strikes

    Economics
    Bustling shipping activity in the Strait of Hormuz with tankers and cargo ships navigating Iranian waters.
  • As it happened: Stocks reach all-time high; US fires back at ‘surprise’ Iran attacks

    Markets
    LSEG logo on a large screen within a modern building displaying stock market data and world indices
MorningWire

Independent European business, markets and political news for decision-makers.

Morning Briefing

Europe

  • Germany
  • France
  • EU Institutions
  • Europe

Business

  • Markets
  • Business
  • Economy
  • Regulation
  • Competition
  • Public Affairs

Editorial

  • Opinion
  • Editorial Policy
  • Corrections
  • Contact

Company

  • About Morning Wire
  • Privacy Policy
  • Terms of Use
  • Cookie Policy
© 2026 Morning Wire Ltd · Published by Morning Wire Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
Privacy · Terms · Cookies · Facebook