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The Independent UK

National

Archie Mitchell

Households should ‘accept’ being poorer, Bank of England’s top economist says

Huw Pill Bank of England Inflation Andrew Bailey Richard Burgon

Parliament TV

The Bank of England’s chief economist is facing backlash for suggesting households “need to accept” they will be poorer.

Huw Pill said workers asking for higher pay and shopkeepers putting up prices were “self-defeating” as both fuel inflation.

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