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Podcast: Beyond Currency
Episode: 24th February 2022 - Bailey calls for restraint on bonuses
Description: "Bank of England Governor Bailey was heavily criticized a few weeks ago for calling on workers not to demand inflation busting pay rises as prices continue to rise.
Yesterday, he continued in the same vein, but this time it was banks that were targeted. He called upon financial institutions to use restraint when deciding on the level of bonus payments.
He went on to say that the need for restraint applies to everyone, from care home workers to city bankers.
Testifying before the House of Commons Treasury Committee Bailey, who earns £575k a year told MPs, who rarely show restraint w...