Search magnifier
Request a 2018 prospectus

Department menu

Southern Rail strikes cost UK £300m shows university study

THE economic impact of the Southern Rail strikes has cost the UK hundreds of millions of pounds, according to new research from the University of Chichester.

A study led by Dave Cooper, Professor of Management and Economic Development, revealed the total cost of the dispute to the country’s GPD could be as much as £300million.

The industrial action taken by ASLEF and RMT – over proposed changes – is now in its 27th day having started in April this year.

The study by Professor Cooper explored the impact on productivity of both the RMT and ASLEF union strikes.

The report calculated the total economic costs to the thousands of commuters who were delayed, have missed work, or have had to stay at home.

Professor Cooper said: “The findings put the impact on the economy at about £11million for every day and, if the next scheduled strike days go ahead, the total would be brought to just under £396million.

“In reality this may be higher as it does not account for other impacts such as loss of sales, impact of travel delays, staff morale and motivational issues, or individual loss of income.

“The strikes in December could cost between £47m and £55m and will impact London’s retail and service economy at a critical time of the year - small businesses will be unable to absorb these additional costs and individuals are losing their jobs as a result.”

 

The RMT and ASLEF strikes have been planned for Tuesday 20 December and across the Christmas period from Saturday 31 December to Monday 2 January – with action also scheduled from Monday 9 January to Saturday 14 January.

Find out more about research by Professor Dave Cooper

Alternatively for more about the Business School at the University of Chichester visit their website.