Anger as thousands of Bank staff enjoy ‘performance awards’ after governor urged other British workers not to demand big rises

The Bank of England, which has been criticised for underestimating the threat of rising inflation, last year paid out bonuses to its staff amounting to more than £23m, the Observer can reveal.

This bonus pot was at its highest level for at least two years, with more than 4,260 employees receiving performance awards. Andrew Bailey, the bank’s governor, was widely criticised earlier this year after telling Britain’s workers that they should not be asking for big pay rises because inflation had to be kept under control.

Continue reading…

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Storms forecast for parts of England and Wales after mild weekend

Yellow weather warning in place, with potential for flooding, power cuts and…

Female Labour MP accuses shadow minister of sexual assault

Accuser concerned about ‘wider pattern of behaviour’ of Labour MP and reports…

Mike Ashley to defy odds with opening of giant Flannels stores

Plans for luxury department stores outside London seen as ‘high risk’ after…