Resolution talks at Bank of England begin amid pay strike threat

Resolution talks at Bank of England begin amid pay strike threat

Resolution talks at Bank of England begin amid pay strike threat

It will be the first time for over 50 years that staff at the Bank of England have been on strike.

The Bank of England has been hit by its first strike for 50 years after last-ditch talks failed to end a row over wages.

The union is protesting at the imposition of a below-inflation pay offer. This strike, meanwhile, won't affect the forecasters but includes maintenance, security and hospitality staff.

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Workers at the Bank of England have begun three days of strike action over pay and will don face masks of governor Mark Carney during a demonstration outside the central bank this morning.

Unite said that although the action involves around two per cent of the 4,000-strong workforce at the Bank the strike would render the bank 'effectively inoperable'.

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Union Unite described the pay offer as "derisory" and said: "Staff are angry that the bank has imposed a below inflation pay offer for the second year running".

"The Union balloted approximately 2% of the workforce", the statement said.

Inflation was 2.6% last month, according to official figures.

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But a Bank spokesperson said on Monday it has contingency plans in place so that "all essential business will continue to operate as normal during this period". Bank staff will also hold placards and flags reading - "Bank of England staff want fair pay". "The Bank has been in talks with Unite up to and including today and remains ready to continue those talks at any time".

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