Bank of England staff strike for first time in 50 years

bank of england

Staff of the Bank of England, Britain’s central bank are set to proceed with its first strike action for over 50 years, the Unite union the trade union has announced.

Unite, Britain’s biggest trade union, said staff members wearing masks of Governor Mark Carney would protest outside the BoE’s central London headquarters from Tuesday morning, Reuters reports.

The three-day strike is expected to overlap with this week’s interest rate decision and involves maintenance and security staff at the 323-year-old Bank.

Although the government tried to intervene to avoid the planned strike by the workers but attempts to resolve the pay dispute with the bank staff failed,’’ the union said after it agreed to delay start of strike action “in a gesture of goodwill”, the union said.

Some 95 per cent of staff in maintenance, security and other service roles voted earlier this month for four days of strike action from Monday over a long-running pay dispute.

“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,’’ the union said.

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 Bank has been in talks with Unite up to and including today and remains ready to continue those talks at any time,” a Bank spokesperson said in a statement.