Prices in Britain are now rising at the fastest rate since early 2012, meaning real wages are falling. It’s another blow to those on benefits, but pensions should rise next year
- Latest: Mark Carney says inflation hasn’t peaked yet
- Carney: EU banks aren’t ready for hard Brexit
- Breaking: inflation has hit 3.0%, a five-year high
- Weak pound since Brexit vote is pushing prices up
- Rising inflation eats into workers’ wages
- State pension likely to rise by 3%
And finally, governor Carney is asked about the Bank of England’s gender pay gap.
If you start from a position of being almost exclusively a white male institution, you need to have a deliberate strategy of movement.
Carney is over after a question on gender pay gap. The median gap is 24% and the mean is 21%. No gap on equal pay for equal work terms.
Back in the Thatcher Room, Mark Carney is invited to dwell on the benefits of Brexit….
The governor cited a few, including: