‘Outrageous’: Bank of England chief slammed for asking Brits not to demand a big pay raise

30 comments
  1. Meanwhile – looking at jobs in my area £9.50ph when London living wage is £11.05 wondering if it’s too much to ask for £1.55 more -_-

  2. It makes more sense when you think of it from *their* perspective of managing inflation for the overall economy.

    But it’s pretty damn tone deaf in a world where millions can’t even afford basic needs while a small handful of companies profit in the billions.

  3. (Why do most of these out of touch guys always look the same? White, late 40’s/early 50’s, glasses, balding, slightly overweight and weasel looking?)

  4. With price rises set to last for years the idea that staff won’t ask for wage rises is laughable. Temporary inflation my arse.

  5. Wait until you’re that age and I’m pretty sure you’d be fitting into quite a few of those boxes as well. His comments were insensitive considering the current climate, but there’s no need to get personal on looks and such.

  6. All he’s doing is preparing his defence for later this year when inflation continues to rise.

    “It’s greedy people asking for higher pay” will be his answer when asked to explain runaway inflation figures, figures all down to his financial mismanagement.

  7. I think this is actually a really good move. Morons will be paid less, leaving more budget and less inflation for the rest of us. Not sure why anyone is upset…

  8. Andy’s still living in the 70’s.

    Ask anyone of his ilk what the cause of stagflation in the 70’s was and they’ll say “Unions and increasing wage demands”. That was broken by the Neo-liberal Revolution, [see the famous graph.](https://petergeorgescu.com/wp-content/themes/georgescu/images/Growth-Hourly-Compensation.png)

    Unfortunately, Andy can’t get his head out of his arse long enough to see that demands for higher wages are the response to decades of increased wealth inequality, austerity and inflation and not the cause of it.

  9. Only CEOs and whatnot will get bonus’ and pay rises this year. Working class go go die of hypothermia and starvation for all they care.

  10. Bit rich considering ~1 million adults went without food for at least a day because they couldn’t afford to eat.

  11. It’s incredibly tone deaf, but from the point of view of a central bank inflation driving, increasing wages, driving further inflation is a nasty feedback loop

  12. The ultimate hypocrisy of capitalism: greed is good, don’t demand to high a wage though.

    Not a socialist (before you Tory fucks chime in).

  13. While many of the big corporations make record profits.

    Such a great exchange of wealth, during covid.

    Next it will be *”stop moaning about the environment”.*

    Moan more, like all the time, it helps people understand that their experience is the same as yours.

    If we all know, we are stuck in the same boat, then we might work together to change it. 😉

  14. Alas he is correct. If everyone gets a big pay rise then inflation goes up even more steeply and we need another big pay rise to catch up. This spiral is going all the way down so strap in.

  15. Did this cunt get a massive fucking bonus? But we, the lowest of the fucking low, don’t deserve an actually living wage. I’m on over £10 an hour, and still can’t afford to live on my own, if I wanted to. I’m sick of people who warn ridiculous amounts of money telling me how I should live my life.

    If you’re that upset that people want more money, then fucking give it to them.

  16. It’s stupid even calling it a payrise, most people would be happy if their pay kept pace with inflation. Anything less is a different size of pay cut.

  17. Hey man I understand. The needs of the few superior wealthy people out weigh the needs of the many plebians. They can’t get richer if we pay the plebs fairly

  18. I just got a letter from my mobile phone company informing me that my bill will raise by 7.5%, maybe he should go round asking those big corporations not to impose any big price rises on their customers.

Leave a Reply