Bank of England heads off strike action despite below-inflation pay hike

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The Bank of England has headed off a potential staff strike after agreeing to a 3.5% pay rise for its 4,200 staff.The central bank will also be offering a 1% salary top-up, with the most support going to the lowest paid in its ranks, and a 1% benefits uplift that can also be taken in cash.While still only half the rate of inflation, resulting...

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