The BoE needs to follow his advice and reduce his pay by eliminating one of the first three digits of his former pay (£575,000 per annum) to 57k (remove second 5, 75k (remove first 5), or 55k (remove 7).
butButBUT…the “JCs” have assured us for years that paying people $15/hr would be the end of western civilization.
I suppose it depends on how you define “western civilization” … if you include “open dining room, and open after 3pm” in that definition, then it is indeed true.