Sunday, November 17, 2024

Fury as Bank of England spends £8million to allow office staff to work from home

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THE Bank of England has spent more than £8million on tech so staff can work from home.

Bosses blasted for poor economic forecasting have splashed out since the cost of living crisis began.

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The Bank of England has spent more than £8million on tech so staff can work from homeCredit: Alamy
A representative of Andrew Bailey, Governor of The Bank, pictured, said there was an 'expectation' for staff to come into work 50 per cent of the time

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A representative of Andrew Bailey, Governor of The Bank, pictured, said there was an ‘expectation’ for staff to come into work 50 per cent of the timeCredit: Reuters

A total of £6.75million has gone on 6,728 laptops, £1.6million on 2,831 mobiles and £167,390 on 237 tablets since 2021, Freedom of Information figures show.

The Bank — blasted for wrongly predicting a two-year recession, and failing to cut interest rates — lets its 5,000 staff do just two days a week at the office as part of a “hybrid” plan.

Patrick Sullivan, chairman of the Parliament Street think tank, blasted the spending on tech that enables the WFH culture.

He said: “It’s no surprise that inflation has surged out of control when senior officials are splashing millions on remote working in a cost of living crisis.

“Instead of embarking on this wild spending spree, the BoE should order layabout staff back into the office.”

A spokesman for the Bank, whose governor is Andrew Bailey, said there was an “expectation” for staff to come into work 50 per cent of the time.

He added: “The Bank has had a flexible working approach for a number of years.

“Regardless of whether staff work in the office or remotely, we would have purchased this IT equipment and telephones.”

What is the Bank of England base rate and how does it affect me?

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