One of the problems for our economy, as the Bank of England has pointed out, is that no one is getting a pay rise. Those in work are accepting pay freezes and sub-inflation rises rather than lose their jobs, thus draining spending power from our high streets. Now the Bank is doing its bit to address the problem. It is paying its new boss, Mark Carney, three times the rate of the outgoing governor, Sir Mervyn King. Carney's package totals about £900,000, compared with Sir Mervyn's more modest £300,000. George Osborne likes to say that the public sector has a lot to learn from the private sector, and in the package he ... (full story)