Print Edition - 2017-07-04  |  Money Digest

BoE staff vote for first strike

- Reuters, LONDON

Jul 4, 2017-

Bank of England staff have voted to hold their first strike in more than 50 years in a push for higher pay, a union said on Monday, adding to pressure for an end to tight controls on public sector wages in Britain. Unite, Britain’s biggest union, said maintenance and security staff at the 323-year-old institution would strike for four days from July 31 after they were awarded a 1 percent pay rise. That period coincides with the bank’s next monetary policy meeting. British Prime Minister Theresa May has come under increasing pressure from lawmakers to end a below-inflation 1 percent cap on public sector pay rises that has been in place since 2013 as part of efforts to cut government spending.

Published: 04-07-2017 10:35

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