Bank of England Staff Criticized for Working Abroad Amid Inflation Concerns
Bank of England told staff should be working from desks, not sun loungers after it emerges they can work from abroad for two months a year

Image: Mail Online
The Bank of England's policy allowing staff to work from abroad for two months a year has drawn criticism from politicians, who argue it undermines public service amid rising inflation and interest rates. Approximately 6,000 employees can work remotely, raising concerns about productivity and security.
- 01Around 6,000 employees at the Bank of England can work from abroad for up to 40 working days a year.
- 02The policy has sparked outrage due to the Bank's failure to maintain inflation at 2% and persistently high interest rates.
- 03Conservative Party chairman Kevin Hollinrake criticized the policy, stating public servants should work from their desks, not vacation spots.
- 04Former minister Sir Jacob Rees-Mogg questioned the necessity of employees who can work from holiday homes, suggesting their salaries could be saved.
- 05The Bank's latest report indicated its inflation forecasts have been consistently too low since 2022.
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The Bank of England has come under fire for its policy allowing staff to work from abroad for up to two months a year, which has led to accusations of public servants prioritizing leisure over duty. Approximately 6,000 employees are eligible for this arrangement, while also being permitted to work from home three days a week. Critics, including Conservative Party chairman Kevin Hollinrake, argue that this policy is inappropriate given the Bank's ongoing struggle to keep inflation at the target rate of 2% and the rising interest rates affecting the economy. Hollinrake expressed that hard-working families would be frustrated to see public servants enjoying vacations while taxpayers face financial pressures. Additionally, Sir Jacob Rees-Mogg raised concerns about potential risks to confidential information and questioned the need for employees who can work remotely from holiday homes. The Bank's spokesman defended the policy, stating it supports staff wishing to work outside the UK, albeit with security restrictions on devices. This backlash reflects broader scrutiny of flexible working practices across public sectors.
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The policy allowing Bank of England staff to work from abroad could undermine public trust in the institution, especially as families face rising costs.
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