According to a Bank of England economist, Britons "need to accept" that they are poorer.
Summary by NewsWall Apr 25 23
- Pill remarked on a Columbia Law School podcast that it's normal for a household to seek greater pay in reaction to rising energy costs, or for a restaurant to raise its prices.
- Pill noted on the podcast that "inflation has been higher than we expected for longer, for an undesirably long time" and that central banks have raised interest rates to combat growing prices.
- He did, however, say that a succession of shocks had all driven inflation in the same direction, implying that pricing pressures had not abated.
- A graph depicting the inflation of food prices in the United Kingdom.
Story Details
| Last Updated | Apr 27 23 |
| Total Articles | 27 |
Main Topics
News on this topic
Bank of England Economist Huw Pill: Just Accept That You Are Poorer Now: The real problem, according to Huw Pill, is us refusing to believe “we’re all worse off ...
thedailybeast.com/bank-of-england-economist-huw-pill-just-accept-that-you-are-poorer-now
Bank of England economist says people need to accept they are poorer: Huw Pill, chief economist for the Bank of England, says asking for pay rises contributes to ...
bbc.com/news/business-65308769
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 ...
theguardian.com/commentisfree/2023/apr/26/bank-of-england-huw-pill-inflation-wages-prices
More news on this subject
Previous
Central Banker to Britons: You’re Worse Off. Accept It.: The comment, from the Bank of England’s chief economist, was offered as a way to curb inflation ...
nytimes.com/2023/04/26/business/uk-poorer-inflation-bank-of-england.html
Bank of England Economist Huw Pill: Just Accept That You Are Poorer Now: The real problem, according to Huw Pill, is us refusing to believe “we’re all worse off ...
thedailybeast.com/bank-of-england-economist-huw-pill-just-accept-that-you-are-poorer-now
Bank of England economist says people need to accept they are poorer: Huw Pill, chief economist for the Bank of England, says asking for pay rises contributes to ...
bbc.com/news/business-65308769
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 ...
theguardian.com/commentisfree/2023/apr/26/bank-of-england-huw-pill-inflation-wages-prices
People urged by Bank of England economist to 'accept' being poorer : Huw Pill said people and businesses have responded to higher bills by asking for ...
news.sky.com/story/bank-of-england-rate-setter-urges-people-to-accept-they-are-poorer-in-fight-against-inflation-12866426
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 ...
theguardian.com/business/2023/apr/25/britons-need-to-accept-theyre-poorer-says-bank-of-england-economist
How poor is Britain now, and how much worse could it get? : Watch the latest from ITV News - After a Bank of England economist said we're all getting poorer ...
itv.com/watch/news/how-poor-is-britain-now-and-how-much-worse-could-it-get/rjfr0zc
How Not to Sell Burden-Sharing to Fight Inflation: The Bank of England’s chief economist miscalculates the reaction to his words in a podcast.
bloomberg.com/opinion/articles/2023-04-26/uk-inflation-boe-s-chief-economist-fails-find-the-right-words
BOE Chief Economist Says Britons ‘Need to Accept’ They’re Worse Off: Bank of England Chief Economist Huw Pill said the British people need to accept they are ...
bloomberg.com/news/articles/2023-04-25/boe-economist-says-uk-people-need-to-accept-they-re-worse-off
People 'need to accept' they are poorer, says Bank of England economist: The Bank of England's top economist has warned that people 'need to accept' they are ...
itv.com/news/2023-04-26/people-need-to-accept-they-are-poorer-says-bank-of-england
Is Huw Pill right to say Britons should accept they are poorer?: Huw Pill, chief economist at the Bank of England, has come under fire for saying that British ...
thetimes.co.uk/article/huw-pull-bank-of-england-economist-poor-qgvxzklcv
Paid articlePaid
Britons must 'accept they're worse off' due to cost of living, says Bank of England economist
inews.co.uk/news/politics/cost-living-crisis-british-people-worse-off-bank-england-2298141
Bank of England chief: 'People must accept they're worse off': The Bank of England's governor Andrew Bailey last year urged workers not to ask for big wage ...
heraldscotland.com/politics/23481272.bank-england-chief-people-must-accept-worse-off/
Brits need to accept they are now poorer, Bank of England chief economist says: Huw Pill, the U.K. central bank's chief economist, told a podcast workers and ...
cnbc.com/2023/04/26/bank-of-englands-huw-pill-says-brits-need-to-accept-were-all-worse-off-.html
We are poorer – but what are our politicians doing about it?: The Bank of England’s chief economist has caused a bit of a stir. Speaking to a Columbia Law School ...
newstatesman.com/comment/2023/04/poorer-bank-england-huw-pill-politicians
Paid articlePaid Britons must accept they will be poorer, says Bank of England’s Huw Pill: Households must accept that they will be “worse off” if inflation is to be tackled ...
thetimes.co.uk/article/taming-inflation-means-we-will-be-poorer-bank-of-englands-huw-pill-says-9kx9vgjwc
Paid articlePaid
Bank of England's Huw Pill: Brits "need to accept" they're poorer
cityam.com/bank-of-englands-huw-pill-brits-need-to-accept-theyre-poorer/
‘We’re all worse off,’ says BoE chief economist: Huw Pill says that in battle against inflation companies and households need to accept energy price rises have ...
ft.com/content/9cc206cb-d846-4c84-b607-6a5703273e9a
Paid articlePaid
Expert issues brilliant response to Bank of England 'poorer' claim: THE claim by the Bank of England's top economist that people in the UK need to accept they ...
thenational.scot/news/23481891.expert-issues-brilliant-response-bank-england-poorer-claim/
Why didn’t Huw Pill point the finger at “greedflation”?: The Bank of England’s PR nightmare continues: Huw Pill, the Bank’s chief economist ...
newstatesman.com/business/2023/04/huw-pill-point-finger-greedflation-inflation-bank-england
Paid articlePaid Next
New to NewsWall?
Sign up now to get your own personalized news!
Trending topics