FCA staff to vote on strike action following regulator refusal to negotiate

CEO Rathi dismissed concerns as ‘noise’

James Baxter-Derrington
clock • 2 min read
Staff at the regulator have raised several concerns, including pay cuts and a rushed consultation process
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Staff at the regulator have raised several concerns, including pay cuts and a rushed consultation process

Staff at the Financial Conduct Authority (FCA) are voting on whether or not to take industrial action in an indicative ballot call by Unite, following claims “management has refused to negotiate”.

The union accuses management at the UK financial regulator of embarking on a programme of "severe cost-cutting", which is set to turn the FCA into a "bargain basement regulator". FCA blocks employee...

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