Gap Fill - Bank of England - Level 6


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   action      central      claim      collective      costs      deal      decades      iconic      increase      level      operation      roughshod      second      sector      shameful      strike      third      unacceptable      union      unwillingness  
Workers at the United Kingdom's bank, the Bank of England, have voted to stage a four-day in support of a pay . It will be the first walkout by staff from the bank in over five . Over 95 per cent of bankers who voted opted for strike action over what they deem to be an pay rise offer. The Bank offered its workers a one per cent pay rise for its staff. The deal means that a of staff could get no pay increase at all. The that represents the Bank's workers said: "The result of the Bank's to negotiate fair pay will be that the Bank's sites, including the Threadneedle Street [premises] in the City of London, will effectively be inoperable."

The Bank of England was established in 1694. It is the oldest central bank in today. Workers at the bank are suffering along with millions more public staff in the UK who have had their annual salary capped at one per cent. This is below the of inflation, which currently stands at 2.9 per cent. A union spokeswoman said workers would be taking , "because of the bank's total refusal to accept that its workforce is struggling to meet their of living". She added: "It is nothing short of that the iconic symbol of financial services in the UK is choosing to ride over the concerns of its dedicated and hardworking staff and impose this derisory pay ."

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