Bank of England staff to protest on Threadneedle Street in row over pay

Helen Cahill
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Staff are unhappy with the outcome of a recent pay review (Source: Getty)

Staff at the Bank of England will strike tomorrow for the first time in more than 50 years.

The central bank's maintenance, hospitality and security staff are staging a three-day walkout over their most recent pay review.

The Bank of England held talks with union Unite today via the conciliation service Acas, but talks broke down and staff will protest on Threadneedle Street tomorrow morning.

Unite has accused the Bank of giving staff "derisory" pay rises which are not in line with inflation, and has said up to a third of staff will get no pay rise this year.

Read more: Door opened for BoE inflation target change as CPIH made national statistic

The Bank said Unite had balloted two per cent of its workforce over the strike action.

A Bank of England spokesperson said:

The Bank has plans in place so that all essential business will continue to operate as normal during this period. The Bank has been in talks with Unite up to and including today and remains ready to continue those talks at any time.

Shadow chancellor John McDonnell is expected to attend the strike action tomorrow. Protesters will be wearing masks of Bank governor Mark Carney, Unite said.

Unite London regional secretary Peter Kavanagh said: "Mark Carney should come to the picket lines outside this iconic British bank today and explain why hardworking men and women deserve to face years of pay cuts."

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