Unite protest outside Bank of England in pay dispute

Unite protest outside Bank of England in pay dispute

16 June 2017

WHERE: Bank of England, Threadneedle Street, London EC2R 8AH
WHEN: 12.30 Friday 16 June 2017

Unite, the union representing staff at the Bank of England, will today (Friday 16 June) protest outside the bank in an ongoing dispute over pay.
The union is calling on the Bank of England to give staff fair pay following the imposition of a derisory pay settlement that the bank has imposed upon staff without negotiating with recognised union Unite. Staff are angry that the bank has imposed a below inflation pay offer for the second year running. As the pay distribution is at management discretion the result of this pay award is that some staff will get no pay rise in 2017 whatsoever.
Staff are currently being balloted for industrial action in their campaign to achieve a decent pay deal and negotiating rights. Unite is calling on the Bank of England to reconsider its refusal to fairly negotiate the pay of its committed and loyal workforce in order to prevent this industrial action. This ballot is the first stage of the industrial action where staff from the maintenance, parlours and security departments have been chosen for the ballot for strategic reasons. Other departments will be balloted as the dispute progresses. Unite represents members across all functions of the bank, ranging from security, maintenance, analysts and administrative staff; those working in the legal, HR and IT departments; and managers.
Unite regional officer Mercedes Sanchez said: “Unite activists and members of the public are today protesting against the Bank of England’s appalling refusal to negotiate a fair pay deal for its workforce. The message coming from staff at the bank is that an imposed pay offer of one per cent simply fails to realise the reality of the pressure staff face meeting their costs of living.
“The refusal of the Bank of England to award its staff a pay deal in line with inflation is a shame on the reputation of the organisation and strike action will do nothing for the reputation of the prestigious bank.
“Unite wants to see the bank urgently reconsider its damaging pay policy and reopen meaningful discussions with Unite on behalf of staff. The ongoing pay ballot over industrial action reflects the anger and concerns of the dedicated and hardworking staff of the bank.”
The dispute has been caused by the imposition of a one per cent increase in the pay ‘pot’ for the pay year, which commenced in March 2017. The amount that an individual will receive is then decided at the discretion of line managers, meaning staff could receive less than one per cent and some will receive no rise at all.
In a consultative ballot in February 2017 Unite members voted by over 70 per cent to move to a formal industrial action ballot. The ballot papers to members were issued on the 1 June and the ballot will close on 21 June 2017.
The demonstration will take place at the Bank of England, Threadneedle Street, London EC2R 8AH at 12.20. The protest will then move to the Prudential Regulation Authority which is located at 20 Moorgate, London EC2R 6DA.


For further information contact Mercedes Sanchez, Unite regional officer on: 07885 805 134.
Twitter: @unitetheunion
Facebook: unitetheunion1
Notes to editors

Unite is Britain and Ireland’s largest trade union with over 1.4 million members working across all sectors of the economy. The general secretary is Len McCluskey.