To understand the UK's low-pay crisis, Mark Carney needs to get out more | Phillip Inman

The Bank of England enforced a 1% rise on striking staff yet its fantasy forecasts claim a 3% rise for the UK as a whole is just around the corner. Really? How?

The Bank of England governor, Mark Carney, needs to look no further than the pay of his own staff to figure out why - when he believes we're on the verge of a pay boom - most people's wage rises are stuck in first gear.

The Bank swatted aside a dispute last week with low-paid staff that had become so toxic inside Threadneedle Street that even the pink-jacketed, top-hatted front-of-house greeters had joined their colleagues in the maintenance section and other blue-collar roles by downing tools.