Unite members at Barclays vote to accept improved pay deal

Unite members at Barclays have voted to accept an improved pay deal after negotiations between the union and the bank. 

The agreement delivers a 4.6% pay rise for staff, with around 20,000 lower-paid employees set to receive a 5.35% increase, well above the current Retail Prices Index inflation rate of 3%.

Sharon Graham, general secretary at Unite, said: “This excellent deal demonstrates what can be achieved through collective action and strong union organisation.

“Unite members made clear that Barclays’ original offer was not good enough. 

“By standing together, they secured a substantially better deal that protects living standards and delivers meaningful pay increases for thousands of employees.”

Graham added: “This agreement is another example of Unite members winning improvements through collective bargaining and determined negotiation.”

A Barclays spokesperson said: “We’re pleased to have reached agreement with Unite on our new pay proposal, following constructive discussions with the union and approval by its members.

“The pay deal reflects our continued focus on supporting our Fair Pay agenda, ensuring colleagues are recognised fairly, competitively and in a way that is sustainable for the organisation.”