(ANSA) - LONDON, APRIL 26 - The British "must accept" that they are poorer and thus give up their requests for a wage adjustment in the face of high living costs.
This was stated by the chief economist of the Bank of England, Huw Pill, sparking strong controversy.
Despite being an independent figure, his words have irritated both the Tory government, which for some time does not seem to like the supposed interference of the central bank on political issues or sudossiers such as the post-Brexit crisis, as well as the newspapers and the centre-left opposition due to the apparently hyper -liberal.
Pill in a podcast made by the American Columbia Law School stated that it is natural for workers to try to get higher wages in the current situation, or for a restaurant to raise prices in order to cover energy costs, but all this ultimately ends up make things worse by generating an inflationary spiral.
The chief economist pointed the finger at the "passing the buck" that is taking place between companies and workers and has in fact invited to abandon the requests brought forward by the unions in the wage disputes that have been going on for months in the United Kingdom.
His speech takes place in a context in which the Bank of England has been engaged for some time in raising interest rates to curb record inflation, still above 10%.
(HANDLE).