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The Latest Breaking News from Huw Pill

Is it time for Britons to accept they are poorer?

The Bank of England’s chief economist has come under fire for urging British people to accept they are poorer.

The Week

The Guardian view on Britons getting poorer: don’t accept it

Editorial: ‘We’re all worse off,’ says the Bank of England. Pull the other one

The Guardian - UK

‘People can’t just get used to it’: Wolverhampton reacts to Bank of England comments

Local authority with highest fuel poverty rate in England is angry at economist’s comment Britons ‘need to accept’ being worse off

The Guardian - UK

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'Keep Calm and Carry On' has turned into accept 'we're all worse off' for Brits—and they're furious

The nation known for its stiff upper lip is refusing to accept it's getting poorer, the chief economist at its central bank said.

Fortune

The Bank of England is wrong again: workers aren’t to blame for inflation

Why should we ‘accept we’re worse off’, when corporate greed and global shortages are really to blame, asks James Meadway of the Progressive Economy Forum

The Guardian - UK

Carol Vorderman's scathing 'gaslighting us all' response to top banker's claim we all have to accept we're poorer

The 62-year-old presenter, who is currently appearing on I'm A Celebrity... South Africa, criticised Bank of England chief economist Huw Pill

Wales Online

Expert rips apart Bank of England economist's 'accept being poorer' claim

THE claim by the Bank of England's top economist that people in the UK need to accept they are poorer is part of a “conspiracy is against working…

The National (Scotland)

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Households 'need to accept' they're poorer, says Bank of England economist

HOUSEHOLDS and businesses across the UK “need to accept” they are poorer and stop looking for pay increases and pushing prices higher, a chief…

The National (Scotland)

Brits 'need to accept' they are now poorer, says Bank of England economist

"We all have to take our share."

Manchester Evening News

Brits must accept they're poorer and stop demanding pay rises says Bank of England chief

Chief economist Huw Pill said there was a game of 'pass the parcel' taking place over the economic pain - and said workers asking for higher pay and firms putting up prices were fuelling inflation

Daily Mirror

Brits ‘need to accept they’re poorer’, says Bank of England economist

Bank of England chief economist Huw Pill sparks backlash as unions brand comments ‘absolutely outrageous’

Evening Standard

Households should ‘accept’ being poorer, Bank of England’s top economist says

Huw Pill said workers asking for higher pay and shopkeepers putting up prices is ‘self-defeating’ as it fuels inflation

The Independent UK

Britons ‘need to accept’ they’re poorer, says Bank of England economist

Chief economist Huw Pill says workers and firms should stop trying to pass on rising costs by hiking prices or demanding better wages

The Guardian - UK

Bank’s chief economist says UK economy still set to contract this quarter

Huw Pill said the latest GDP figures are ‘somewhat disappointing’ despite being an improvement on previous forecasts.

The Independent UK

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The Guardian - UK

Strikes drag UK economic growth to a standstill; mortgage defaults rising as households struggle – as it happened

Latest GDP report shows that civil service and teachers’ strikes held back service sector growth, leading to no growth in February

The Guardian - UK

UK economy slightly stronger than expected, says BoE’s Pill; WH Smith hit by cyber attack – as it happened

Books-to-stationery retailer says a cyber security incident has resulted in illegal access to current and former employee data, though website and customer accounts are unaffected

The Independent UK

Watch: MPs question Bank of England’s Andrew Bailey on interest and inflation rates

Bank of England governor Andrew Bailey was questioned by MPs on rising interest and inflation rates.

The Guardian - UK

Deliveroo cutting 9% of staff; Bank of England governor pledges to get inflation down – as it happened

BoE governor Andrew Bailey has warned MPs that paying for public sector pay rises with borrowing could push up inflation

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The Guardian - UK

UK interest rates likely to rise again, says BoE’s Mann; UK housebuilding falls; FTSE 100 drops from record high – as it happened

The next step in Bank Rate is still more likely to be another hike than a cut or hold, says Bank of England policymaker Catherine Mann

The Guardian - UK

Bank of England must not push interest rates too high, its chief economist says

Inflation should be back within Bank’s 2% target range by middle of 2024, Huw Pill adds

Evening Standard

Mortgage hammer blow of £5,000 a year for London homeowners

250,000 London households comings off fixed loan deals will bear the brunt of announced interest rate rises

Evening Standard

‘Reason to be optimistic:’ Bank chief offers hope on interest rate hikes

Interest rates are no longer expected to rise as high as feared this year, a Bank of England chief said on Friday.

The Guardian - UK

FTSE 100 hits all-time high after US jobs report beats forecasts – as it happened

UK’s blue-chip index has hit a new record high of 7906 points, helped by weak pound, and hopes that interest rates may be near their peak

The Guardian - UK

Bank of England warns high inflation could last longer than expected

Chief economist says risks remain despite fall in wholesale energy prices and UK on brink of recession

The Guardian - UK

Bank of England poised to raise borrowing costs to combat inflation

Financial markets expect 0.5 percentage point increase as fears mount that UK is about to enter long recession

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