Bank of England bosses accept pay rise, despite telling others not to

Bank of England bosses have accepted thousands of pounds in pay rises, despite telling ordinary workers not to ask for more money.

openDemocracy can reveal every senior official at the bank – except for the governor, Andrew Bailey – has had their salary increased, averaging more than £4,300 each.

Bailey has repeatedly urged Brits not to ask for big pay rises during the cost of living crisis, claiming it could make inflation worse and destabilise the economy. Last month he said: “The UK cannot continue to have the current level of wage increases.”