Furious London Underground workers confirmed yesterday they will be voting on industrial action after it was announced that £270 million will be cut from its budget by scrapping 750 jobs and manned ticket offices.

Mayor Boris Johnson plans to slash £50m a year or £270m over the term of Transport for London's business plan to 2020/21.

The proposal will lead to a reduction of around 750 jobs out of LU's current total of 18,000, which includes 5,500 station staff. The railway union RMT are balloting for strike action in response.