London Tube workers are set to be getting a huge pay rise of 8.4% from next month after Mayor of London Sadiq Khan agreed on an inflation-busting deal.

Currently, Tube drivers earn nearly £59,000 a year but with the rise could now earn almost an extra £5,000 a year.

The rise is expected to cost Transport for London £100 million during a time that it stays reliant on Government bailouts in order to keep services running. 

It comes after Tube workers have carried out weekend strikes over poor pay, working conditions, and job security.

Back in 2019 a four-year deal was struck that saw TfL staff awarded the RPI rate of inflation which is now entering its final year.

East London and West Essex Guardian Series: Drivers will earn an extra £5000. (PA)Drivers will earn an extra £5000. (PA) (Image: PA)

The news comes following the Office for National Statistics announcing that RPI last month was 8.2 percent, meaning an 8.4 percent rise was on the cards for London Underground workers. 

Discussing the pay rise a TfL spokesperson said "In April, we enter the fourth year of the four-year pay agreement covering staff on London Underground contracts.

"This binding agreement was made before anyone could have predicted the pandemic’s effects on our finances or the 30-year high inflationary levels that we are now experiencing.

"As per the agreement, the pay increase for 2022/23 will be based on the RPI figure for February of 8.2 percent plus 0.2 percent and we will confirm the plan for implementation with employees in the coming days."

All have agreed with the rise as Tube drivers union Asle said "We are three years into a four-year deal and the Mayor of London is doing the right thing by sticking with a deal, agreed in good faith, by both sides."