Brits must accept they are poorer and stop asking for higher wages or prices will continue to rise, a Bank of England boss has said.
Chief economist Huw Pill said there was a game of "pass the parcel" taking place over the economic pain - and said workers asking for higher pay and firms putting up prices were fuelling inflation.
The former banker said that there was a "reluctance to accept that we're all worse off" in the UK and people needed to take their share.
