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The Bank of England is right: Brits can’t keep demanding pay rises

26 April 2023

7:42 PM

26 April 2023

7:42 PM

Bank of England chief economist Huw Pill isn’t going to win a popularity contest. Speaking on a podcast for Columbia Law School – a medium in which he perhaps felt a little less exposed than had he said it on a British TV programme – he said:

‘Somehow in the UK, someone needs to accept that they are worse off and stop trying to maintain their real spending power by bidding up prices….What

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