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The Guardian - UK
The Guardian - UK
Business
Kalyeena Makortoff Banking correspondent

UK financial watchdog staff edge closer to strike over pay cuts

FCA United Kingdom Unite Financial Conduct Authority Unite Union
The logo of the Financial Conduct Authority
Members of Unite will vote in a ballot over whether to take industrial action against the FCA. Photograph: Chris Helgren/Reuters

Staff at the UK’s financial watchdog are edging closer to a strike over pay cuts that unions say will turn the Financial Conduct Authority into a “bargain-basement” regulator.

Members of Unite will vote in a ballot over whether to take industrial action against the FCA, after management allegedly refused to negotiate with the workforce on a “programme of severe cost-cutting”.

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