The governor of the Bank of England has sparked backlash after telling Britons they should not ask for a pay raise this year despite rising living costs.
The governor of the Bank of England has sparked serious backlash after telling Britons they should not ask for a pay raise this year.Bailey told the BBC last week that businesses should assert “restraint” in pay negotiations to help battle 30-year high inflation.
Speaking to the BBC hours after the central bank imposed back-to-back interest rate hikes, the governor said businesses should assert "restraint" in pay negotiations to help battleWhen asked by the BBC whether the Bank was asking workers not to demand big pay rises, Bailey said: "Broadly, yes." , and bring it closer in line with its 2% benchmark. But the governor's comments suggest that employees should be proactive, too, to avoid further escalation.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
European Markets Head for Higher Open as Investors Digest Data, Central Bank MovesEuropean stocks are expected to open higher on Monday as investors continue to consider last week’s jobs data from the U.S. and central bank decisions in Europe.
Weiterlesen »
San Francisco bank robberies point to one suspect, police sayPolice say at least two, possibly three, bank robberies appear to be connected to the same suspect.
Weiterlesen »
Attempted robber with gun falls through ceiling of bank, leaves when he can’t open vaultAuthorities in Washington state are searching for the suspect of a bizarre attempted bank robbery.
Weiterlesen »
Bank robber caught in Bellingham hours after robberyA suspected bank robber was arrested in Bellingham on Monday, just hours after the robbery.
Weiterlesen »
Bask Bank high-yield savings account offers 0.70% APYSign up for a high-yield savings account with Bask Bank and get a 0.70% Annual Percentage Yield (APY) BaskBank ad
Weiterlesen »
Motorist killed in Red Bank collision identifiedThe crash occurred Saturday morning on Route 35.
Weiterlesen »