If you're worried about the cost of living crisis and pressure on your finances, you're being asked not to ask your boss for a big pay rise.
After a steep rise energy rises was announced yesterday, inflation also hitting a near-30 year high, and a national insurance hike due in April, household budgets are facing a crunch.
The Bank of England also announced a rise in interest rates yesterday from 0.25 per cent to 0.5 per cent, which will affect the cost of borrowing, in a bid to slow the rise in the cost of living.
And when the governor of the Bank of England Andrew Bailey was asked if people shouldn't ask for a "too high" a pay rise by the BBC, he said "broadly, yes."
Speaking to the BBC's economic editor Faisal Islam, Mr Bailey said: "In the sense of saying, we do need to see a moderation of wage rises, now that's painful. I don't want to in any sense sugar that, it is painful. But we need to see that in order to get through this problem more quickly."
His comments came as inflation could hit seven per cent this, creating a squeeze on income with the BBC reporting average pay rises of five per cent.
Any rise in wages could put more pressure on inflation.
