Bank Of England Staff Members Call 3-Day Strike

BANK OF ENGLAND STRIKE: First time in more than fifty years Bank of England will be on a strike. The support staff will go ahead with it from Tuesday to Thursday after talks at the conciliation service Acas failed to reach an agreement.

Bank of England employees voice they are not happy with the pay rise of just 1 percent when the inflation rate in recent months is much more. In the month of June the inflation was 2.6 percent.

Members of Unite are blaming the Bank of England governor Mark Carney for the failed talks and so a three-day protest will be held outside the headquarters of the bank in London.

According to Unite, the bank has imposed a derisory below-inflation pay increase and the governor need to listen to their concerns from a picket line.

Unite official Peter Kavanagh said, “The result of the Bank’s failure to negotiate with staff is that the Bank of England now faces its first strike action in over 50 years.”

Acas spokesman said the last-ditch talks ended without reaching any agreement and their services will remain unavailable.

Meanwhile, a statement from the bank said plans are in place to keep functioning all the essential business as normal during the three-day strike period and talks are in process with Unite.

The last time Bank of England suffered strike was in the 1960s. Industrial action then affected the printing plant in Essex.

Currently the bank has around 4,000 workforce and United balloted 84 staff members that resulted a 95 percent vote to strike.