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BoE's Pill tells Brits to accept they are poorer, stop trying for higher wages

BoE's Pill tells Brits to accept they are poorer, stop trying for higher wages
Bank of England Chief Economist Huw Pill said the British people need to accept they are poorer.“Somehow in the UK, someone needs to accept that they’re worse off and stop trying to maintain their real spending power by bidding up prices, whether higher wages or passing the energy costs through onto customers”Pill said some of the pressures keeping inflation high are likely to dissipate in the coming monthsinflation may dip below the 2% target in 2 years“We’ve had a series of inflation shocks th... Read More
Posted: Apr 25 2023, 20:43
Author Name: forexlive
Views: 102694

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