Bailey told the BBC last week that businesses should assert “restraint” in pay negotiations to help battle 30-year high inflation.
Start at the top with disposable income for the wealthy…tax it and inflation will be dramatically cut. Pays works more and GDP growth will soar. Bailey has it ass backwards.
The governor of the Bank of England has sparked serious backlash after telling Britons they should not ask for a pay raise this year.
The governor of the Bank of England should set the example and ask for a reduction in his/her/its salary. That would create a different serious backlash – from Giverment BureauCats! LOL