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Governor of the Bank of England Andrew Bailey speaking during a Monetary Policy Report press conference at the Bank of England in London
“OUTRAGEOUS” calls for pay restraint by Bank of England governor Andrew Bailey were attacked by unions as a “sick joke” today.
Workers are not responsible for the energy crisis, sluggish wage growth or the spiralling cost of living but are being asked to “pay the price,” they warned.
Mr Bailey admitted it would be “painful” for people to accept that prices would increase faster than wages but claimed a “moderation of wage rises” was needed to prevent further inflation.
Artists should not be consigned to a life of precarious working – they deserve dignity and proper workers’ rights, argues ZITA HOLBOURNE
Incoming Usdaw general secretary JOANNE THOMAS talks to Ben Chacko about workers’ rights, Labour and how to arrest the decline of the high street