Tube unions are recommending a four-year pay deal they have agreed with London Underground’s management.
The deal offers a 5 percent pay rise this year to all staff, followed by RPI inflation plus 0.5 percent in the next three years.
This is a higher settlement than most pay deals at the moment and reflects the industrial strength of tube workers.
But the four-year length of the deal could prove to be a serious weakness. Tube managers are already hailing the “stability” they believe it will bring.
Pay issues relating to next year’s Olympics in London will be subject to a separate deal, according to the RMT.