Gap Fill - Bank of England - Level 5


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   action      annual      claim      collective      decades      financially      hardworking      inflation      inoperable      living      refusal      result      rise      second      sector      strike      symbol      third      unacceptable      unwillingness  
Workers at the Bank of England have voted for a four-day in support of a pay . It will be the first walkout by the Bank's staff in over five . Over 95 per cent of bankers who voted chose to strike. They say the Bank's pay rise offer is . The Bank offered its workers a one per cent pay . The deal means that a of staff could get no pay rise. The workers' union said: "The of the Bank's to negotiate fair pay will be that the Bank's sites…in the City of London will effectively be ."

The Bank of England was established in 1694. It is the world's oldest central bank. Public staff in the UK are suffering . They have had their salary increase capped at one per cent. This is below the 2.9 per cent level of . The union said workers are taking , "because of the bank's total to accept that its workforce is struggling to meet their costs of ". It added that it was shameful that an "iconic of financial services" is ignoring "the concerns of its dedicated and staff and impose this derisory pay deal."

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