February 4, 2022
LONDON (Reuters) – Bank of England Governor Andrew Bailey said inflation – already running at a 30-year high in Britain – risked getting out of control without restraint on pay rises.
“I’m afraid we do need to see restraint in this respect,” Bailey told BBC radio in an interview broadcast on Friday.
“We are looking, I think, to see quite clear restraint in the bargaining process because otherwise, as I say, it will get out of control. It’s not at the moment but it will do.”
(Reporting by William Schomberg and Alistair Smout)
Source: One America News Network
