'Outrageous’: Bank of England chief slammed for asking Brits not to demand a big pay raise

The governor of the Bank of England has sparked serious backlash after telling Britons they should not ask for a pay raise this year.Bailey told the BBC last week that businesses should assert “restraint” in pay negotiations to help battle 30-year high inflation.

Speaking to the BBC hours after the central bank imposed back-to-back interest rate hikes, the governor said businesses should assert "restraint" in pay negotiations to help battleWhen asked by the BBC whether the Bank was asking workers not to demand big pay rises, Bailey said: "Broadly, yes." , and bring it closer in line with its 2% benchmark. But the governor's comments suggest that employees should be proactive, too, to avoid further escalation.

The govt as an economic puppet master, that makes us all better off, is a complete lie.

Fiat currency is a third rate Madoff scam invented by junk science peddlers, aka 'experts,' for the purpose of providing the govt with a blank checkbook, which they use to consume excess capital of the economy, grant favors and run up debt, until eventual collapse.

Austerity still doesn't work whichever way you impose it

bumblingbailey

Mr Potato Head earns close to a $1m/year. He should sit this one out.

Brits demand big pay

Throwing you to the lions! Wasn’t there record bonuses last year!!!

…coming from the ‘fat cats’ of today. He could have taken some advice and discussed with colleagues to gain views before voicing his stupid and blinkered thoughts. Inflation cycles are feared but people have a right to be paid approximately, he earns in 2wks the average salary.

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