THE governor of the Bank of England “blew a hole” in the institution’s supposed neutrality when he targeted workers’ pay amid the worsening cost-of-living crisis, Unite has charged. 

Ahead of Andrew Bailey’s appearance before the Treasury select committee of MPs today, the union warned he had politicised his role when he “singled out pay, not profits.”

The former head of the Financial Conduct Authority, who was paid about £575,000 last year, was widely condemned earlier this month when he called for “wage restraint” in response to spiralling inflation, largely caused by soaring energy prices.