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Evening Standard
Evening Standard
Business
Simon English

Bank of England’s Andrew Bailey is out of tune with reality on pay rises

We don’t know if Andrew Bailey is a Glastonbury fan. We do know he keeps singing the same old tune.

With inflation seemingly out of control, or at least out of his, the Bank of England Governor persists with the line that wage growth is too high — we all must show restraint. It’s hard to see why the thinks this is worth saying out loud, his own £500,000 pay aside.

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