Tanker driver strike - was it worthwhile after all?

Is it really two weeks since a strike by a group of oil tanker drivers had the media running their standard “panic buying” stories, featuring petrol stations that had run dry. It’s amazing how the actions of a relatively small group of employees (providing fuel to just 10% of the UK’s petrol stations) can have such a significant impact. However, it seems the strike tactic may have worked for the employees…

The Times report today that the striking oil tanker drivers have agreed a 14% wage increase, spread over two years. The first 9% rise comes this year, followed by 5% next year.

Even with the Consumer Price Index & Retail Price Index rising in recent months, the wage deal negotiated by the strikers is still well above the rate of inflation.