Bank of England threatened with strike action over pay
The Bank of England (BoE) is facing the possibility of a strike among some of its key staff, after a union accused it of failing to negotiate a fair pay settlement.
The union Unite said today (June 1) it would ballot its members on strike action. It accused the BoE of offering a “derisory” pay increase of 1%, which it said was the second year running staff had been given below-inflation pay rises.
Inflation in the UK is running at 2.7%. The BoE’s May inflation report forecast inflation to peak
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