A UNION behind crippling rail strikes stands to make money from them — after investing in coach firm National Express.
RMT accounts show it ploughed £80,000 into shares last year.
The coach firm, which has admitted benefitting financially when trains do not run, revealed in October its revenue soared by a third in three months on the back of a summer of rail strikes.
Tory MP Nigel Mills said: “I’m sure commuters will not be pleased to know the union will be making money from a firm doing very well from the chaos they have caused themselves.”
A union source said: “All our investments are transparent and subject to democratic oversight.”
Accounts for the RMT show that the £80,000 in National Express PLC stock were added in 2021.
The year before the company did not own any of the coach company equity.
The Union’s position is even more remarkable when in 2019 it called for the “entire bus network” to be taken into public ownership.
A survey of members found 85 per cent said services should be publicly owned.
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Group revenues at National Express by the end of September were also five per cent ahead of pre-pandemia levels, the latest trading update revealed.
Mr Mills added: “It’s incredible irony that the RMT is investing a sizeable sum of money in a bus company which has done very well on the back of the rail strikes.
“You couldn’t make it up. It’s amazing hypocrisy, even for the RMT.”