Dear Colleagues,

RATES OF PAY & CONDITIONS OF SERVICE 2023 - LONDON UNDERGROUND (LUL/0001)

Following a series of meetings between RMT and London Underground, management tabled the following offer in respect of your union's demands for an increase in pay and substantial improvements to members' terms and conditions:

• A one-year base pay increase of 4 per cent from 1 April 2023

While this represents a modest improvement on the previous offer of a 3.3% pay rise, it goes nowhere near meeting the aspirations of our members or reflecting the work done by you and your colleagues and nor does it address the cost of living crisis. With inflation running out of control, the offer represents a real-term pay cut.

Your National Executive Committee has noted this offer and acknowledged the recommendation of your Lead Officer, following consultation with Reps, to reject it for the reasons outlined above.

Additionally, your NEC also noted that attacks on our members' terms, conditions & pensions continue, despite London Underground openly admitting a good enough financial situation that they can pay senior management bonuses.

I have therefore written to London Underground formally rejecting the offer and seeking further talks in which we expect a substantial improvement to this paltry offer will be made.

The National Executive Committee has also noted and thanked Finsbury Park, Neasden and Bakerloo Line Branches for their resolutions. I will keep Branches advised of all further developments.