UK Productivity Hit by Public Sector Strikes

Mass strikes are taking place across the UK in a series of disputes with the government over pay, pensions and cuts.

Firefighters, librarians, teachers and council staff are among those taking part from a number of trade unions – which said more than a million public sector workers were joining the action.

Thousands of pupils are missing lessons as many schools in England and Wales are closed.

The Cabinet Office blamed union leaders for “irresponsible” strikes.

A spokesman said “most public sector workers had reported for work and “nearly all key public services are being delivered as usual”.

It said one fifth of civil servants – fewer than 90,000 workers – were on strike, 717 Jobcentres were unaffected and the “majority” of schools in England and Wales were open.

The Local Government Association said around 95% of council staff were at work across England, Wales and Northern Ireland.

via BBC

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza