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Bank of England security guards call off strike after pay deal

BY Reuters | ECONOMIC | 11/26/25 12:58 PM EST

LONDON, Nov 26 (Reuters) - Planned strike action by security guards at the Bank of England this week has been called off after workers accepted an improved pay offer, their union Unite said on Wednesday.

The 40 staff employed by Amulet Security had been due to walk out from November 24-28 over pay. But they agreed to a deal including two 4% rises - one backdated to March 1 of this year, the other from March 2026 - and an extra day of annual leave, Unite said. (Reporting by Sam Tabahriti; editing by Mark Heinrich)

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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