Pill offered those struggling amidst the cost of living crisis with a simple solution: just accept being worse off. “Somehow in the UK, someone needs to accept that they’re worse off and stop trying to maintain their real spending power by bidding up prices, whether through higher wages or passing energy costs on to customers etc,” Pill said verbatim.

While Pill’s comments are astoundingly tone deaf, it would be equally naive to imagine anything less considering this isn’t the first time that a high ranking official at the Bank of England responded outcries against it economic policy with remarks resulting in public backlash. Last year, Governor of the Bank of England Andrew Bailey directed workers across the nation to not request pay raises in order to do their part in the fight against inflation. Bailey’s directive came shortly after the central bank raised rates to 0.5% from 0.25% in that same pursuit. At the time, YoY inflation in the UK was hovering around 7% compared to the 10% it stands at now, showing the bank’s inept ability to deal with the issue.

Time and time again, public officials and their counterparts in the private sector have made their wanton abandonment of the interest of the working class crystal clear.

https://www.zerohedge.com/news/2023-04-26/silence-peasants-bank-england-tells-britons-just-accept-being-worse