Workers should think and reflect” before asking for pay rises, £575,000-a-year Bank of England chief Andrew Bailey told MPs yesterday. The governor said high earners in particular should consider the impact of inflation before seeking salary top-ups as prices rises.
It comes as the Office for National Statistics (ONS) is later this week expected to confirm inflation has passed 8 per cent, while the Bank of England itself has warned it could is likely to peak at 10.25 per cent by the end of the year. Mr Bailey told MPs on the Treasury select committee: "I spoke in an interview about this. I do think people, particularly people who are on higher earnings, should think and reflect on asking for high wage increases.
Bu hikaye The Independent dergisinin May 17, 2022 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye The Independent dergisinin May 17, 2022 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
Wales block Turkish flair for resilient away draw
Wales maintained their unbeaten record under Craig Bellamy in a 0-0 Nations League draw with Turkey after Kerem Akturkoglu sent his 89th-minute penalty against a post.
'There's still a lot of credit in the bank with Warren'
Ex-Wales captain Sam Warburton believes there are reasons for optimism heading into today's game with Australia
Mighty Springboks too strong for valiant England
For England, a familiar tale of mistakes and missteps; for South Africa, another day at the ‘Boks office.
Pentagon report reveals hundreds of UFO sightings
The Pentagon's latest report on UFOs has revealed hundreds of new reports of unidentified and unexplained aerial phenomena but no indications suggesting an extraterrestrial origin.
Musk wants public to have say on selection of ministers
As US president-elect Donald Trump makes several choices to fill out his incoming administration's cabinet, the lobbying for key positions has been fierce behind closed doors - and sometimes publicly.
Decoy drones and vacuum bombs terrorise Ukraine
In a secret factory in central Russia, engineers are manufacturing hundreds of decoy drones meant to overwhelm Ukrainian defences as they try to protect against a horrific new weapon.
Zelensky says Trump will make the war end sooner’
Ukrainian president Volodymyr Zelensky has said he is certain the war with Russia will “end sooner” once Donald Trump returns to the White House.
'However many troops they lose, they just keep coming'
Ukraine is under pressure, from Donetsk to Kharkiv - while Putin wants to reclaim Russia's Kursk region before Trump takes office. Askold Krushelnycky talks to officers in the field
Police investigate columnist for 'inciting racial hatred'
Essex Police are investigating an alleged crime of inciting racial hatred by The Telegraph columnist Allison Pearson after she published a message on X/Twitter labelling protesters as \"Jew haters\".
Britons warned of dangers of cut-price surgery abroad
Wes Streeting has promised to protect Britons travelling abroad for Brazilian butt lifts (BBLS) and other cosmetic surgeries.
