Governor of the Bank of England Andrew Bailey has told MPs he will not take a pay rise this year if offered one. Mr Bailey said he would "politely decline".
Mr Bailey, who has an annual pay package of about £575,000, told the Treasury Committee: "It's not for me to decide but if I was offered one I would not accept it. I would politely decline as I have done before."
He added that the Bank has not decided its latest pay changes for employees. He indicated it would direct more support towards its lower-paid staff.
