The Bank of England (BoE) has been criticised for spending £8.5m on remote working kit for staff, according to official figures.

The data, obtained under the Freedom of Information (FOI) Act by the Parliament Street think tank revealed that Threadneedle Street has splashed out on a fleet of laptops, mobile phones and tablet computers for staff.

The findings shows that the BoE splashed £6,757,460.56 on 6,728 laptops, and £1,629,678.06 on 2,831 mobile phones, additionally £167,392.81 went on 237 tablet computers.

The bank’s governor, Andrew Bailey, has previously been accused of falling asleep during critical board meetings.

Commenting on this, Parliament Street chairman, Patrick Sullivan, said: “It’s no surprise that inflation has surged out of control when senior officials are splashing millions on remote working during a cost-of-living crisis. Instead of embarking on this wild spending spree, the BoE should order layabout staff back into the office.”

However, some tech leaders defended the investment. Tritek Consulting CEO, Adeshola Cole, added: “Flexibility is an important factor for staff and investing in devices is a good way for organisations like the Bank of England to remain productive, but improving digital skills is also key.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.