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 higher wages or charging their customers more money - and has warned both risk stoking inflation further.
This is the same basic austerity stuff that inspired Occupy Wall Street in the US a decade ago, but I’m sure now if an American government said this you’d have half the population arguing that it’s “needed” for equity reasons.
Truth, but it’s the UK that number is 75%.