Simon Calder breaks down the economic cost of London Tube strikes

• London Underground services were suspended on Monday due to industrial action by members of the Rail, Maritime and Transport (RMT) union.
• The strike, which involves drivers and maintenance workers, is over pay and conditions. Transport for London (TfL) has said there will be few or no services between Monday and Thursday as a result.
• The Independent’s travel correspondent Simon Calder warns that the economic impact will be “immense,” with UK Hospitality estimating the action will hit pubs, restaurants and hotels to the tune of £110m.
• TfL offered a 3.4 per cent pay rise, which it considers fair, stating it cannot meet the RMT's demand for a reduced working week.
• Watch the video in full above.

IN FULL

London tube strike: Simon Calder counts cost of walkout on economy