Central Banking

Probe begins at Bank into declining staff morale

The governing court of the Bank of England has ordered an investigation into falling morale at the Bank, following the introduction of a controversial new benefits package for staff. The court, which acts as a board of directors for the Bank, is concerned that the Bank is failing to retain key staff and that existing employees are demoralised and demotivated.

The Bank has engaged International Survey Research, a company specialising in analysing employee opinion, to undertake a series of disc