‘Think and reflect’ before seeking pay rise, says £575,000-a-year Bank of England chief
The Independent says workers should “think and reflect” before asking for pay rises, £575,000-a-year Bank of England chief Andrew Bailey told MPs on Monday.
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 eight 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.
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