Backlash after Bank boss says don’t ask for big pay rise

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Unions criticise Andrew Bailey after he urges firms to moderate pay rises, with GMB calling it a “sick joke”. …

However, Mike Brewer, chief economist at the Resolution Foundation, said by not targeting “families most in need of support, and by trying to minimise the cost of support to the public purse”, households would still face significant bill rises and higher bills “for many years to come”.

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