Bank of England officials began their first strike for more than 50 years, Reuters reports. They insist on higher wages, highlighting the increasing pressure to put an end to strict public-sector wages in the UK. The three-day strike will overlap with the interest rate cut on Thursday. It involves maintenance and security personnel of the 323-year-old bank. About 15 employees organized a strike at the headquarters of the Bank of England in London. About 150 people work in the departments affected by the cessation of work. Employees who are part of the United Trade Union Trade Union say they are protesting against the "mocking" pay that the bank has assigned to staff without the union's consent.
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