Bank of England workers are considering another strike after their demands for a pay rise were not met following a walkout earlier this month.

The workers’ union, Unite, is consulting with staff on how to react following a series of talks at mediation service Acas at the end of July and in the second week of August.

Around one in 50 of the Bank’s overall workforce took industrial action over three days at the beginning of this month and protested outside the its City headquarters. It was the first strike faced by the Bank in nearly 40 years.