Key Words: Bank of England chief economist says Brits need to accept they’re worse off

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The chief economist of the Bank of England has warned that Brits need to accept they’re worse off, in blunt remarks on the impact of inflation.

Huw Pill was speaking to the Beyond Unprecedented podcast, in an interview posted to the site on Tuesday but conducted last week.

He said both households in demanding higher pay, and companies in raising…

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