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Central Banker to Britons: You’re Worse Off. Accept It.

Por: The New York Times Business April 26, 2023

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The Bank of England’s chief economist has a harsh message for Britons: “Someone needs to accept that they’re worse off.”The economist, Huw Pill, said on a podcast that there had been a reluctance by workers and companies in Britain to accept that they were poorer, primarily as a result of Europe’s energy shock.Instead, he said, workers are trying to pass along rising costs to employers by demanding higher wages, while companies are... + full article



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