Central Banking

Union to sue Bank of England over staff sackings

Unifi, the finance trade union, is to take the Bank of England to an industrial tribunal on behalf of six sacked employees who refused to sign 'inferior' employment contracts. Unifi, which is going to an employment tribunal on behalf of the sacked employees, said it was unusual for a union to launch such a legal action in its own right.

Almost all of the Bank's 1,800 employees agreed new contracts that cut holidays and reduced flexible leave for working mothers. A Bank spokesman said that all