Tag Archive: Says Central Banker


on April 27, 2023 in World News

People Need to ‘Accept’ Being Poorer Amid Inflation, Says Central Banker

by Kurt Zindulka The public should just “accept that they’re worse off” than they were a year ago amid rampant inflation, an ivory tower Bank of England boss said this week. Huw Pill, the chief economist for the UK’s central bank, said that people should not seek salary increases to cope with the soaring inflation, which the Bank of England predicted would be a “temporary” phenomenon in August of 2021, yet, inflation remains in double digits in Britain nearly two years later. In a ‘let them eat cake’ moment, Pill, who reportedly earns a salary of £190,000 per year, said that...

by Kurt Zindulka The public should just “accept that they’re worse off” than they were a year ago amid rampant inflation, an ivory tower Bank of England boss said this week. Huw Pill, the chief economist for the UK’s...

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