Want to create an interactive transcript for this episode?
Podcast: Beyond Currency
Episode: 27 June 2023 - MPC to be sacked? Let’s plan a US cage fight
Description: In his speech following last week’s rate increase announcement, The Governor of the Bank of England, Andrew Bailey, spoke of his concern that at least part of the continued rise in inflation is being caused by what he called unsustainable wage increases.
There is no reliable data for the level of pay settlements that have been agreed, but in the public sector, the Government has tried to stick to the pay award that has been recommended by the independent pay arbiters.
Bailey has used this reasoning in the past but fails to abide by his words closer to home. Ea...