Bank of England workers vote in favour of four-day strike

bank of england

Bank of England workers voted in favour of holding a four-day strike on Monday, after the central bank offered a pay increase below inflation.

The strike will start on July 31 after 95 percent of Unite union members voting in favour. The vote was taken after the Bank of England offered its workers a below-inflation increase in earnings – despite the fact inflation should be under their control.

Unite represents workers in the Bank’s maintenance and security departments, but represents approximately 2 percent of its workforce. The Bank has said it will continue to operate as usual:

Bank of England claims, though, that it will keep operating as usual:

“The Bank has been informed of industrial action being called by Unite the Union… Should the strike go ahead, the Bank has plans in place so that all sites can continue to operate effectively. We will continue to have discussions with Unite and hope that there will be a positive outcome,” it said in a statement.

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Miranda is the online editor of UK Investor Magazine. Her interests include private equity, crowdfunding, peer-to-peer lending, gender equality and coffee.