Bank of England staff to hold first strike in 50 years

Trade union members at the Bank of England, Britain’s central bank, will go ahead with the first strike action on Tuesday despite last-minute talks facilitated by a government-run arbitrator to resolve the pay dispute.

The union said: “The strike will now take place from Tuesday to Thursday.

“Unite members are calling on the Bank of England to give staff fair pay following the imposition of a derisory pay settlement without negotiating with recognised union Unite.”

It said that the dispute was caused by the bank’s imposition of a 1 per cent increase on its total wage bill for the current financial year, while it leaves rises for individual staff at the discretion of line managers.

The strike will be its first in 50 years.

 

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