Bank of England boss criticised for asking workers not to demand pay rise

Andrew Bailey was paid £575,538, including pension, in his first year as the Bank’s governor from March 2020. Photograph: Dan Kitwood/Getty

The governor of the Bank of England has come under fire from unions and earned a rebuke from 10 Downing Street for suggesting workers should not ask for big pay rises to help control inflation.

Andrew Bailey said he wanted to see “quite clear restraint” in the annual wage-bargaining process between staff and their employers to help prevent an upward spiral taking hold.