'We're not ALL worse off, as a big cat bank chief Huw Pill (on £190,000) reckons

Bankers seem to be doing well. The guy who runs British Gas received a £3.7million bonus last month. On top of his £790,000 salary

BofE boss Huw Pill (

Image: Bloomberg via Getty Images)

I have a buddy I went to once with a very serious problem. He let me explain to him and said, "Yeah, I wouldn't have done any of this if I were you..."

Not the most helpful tip. And not, to be frank, what you need in times of crisis.

Huw Pill, chief economist at the Bank of England, made similar comments last week: "What we face now is this reluctance to accept that, yes, we are all worse off. subdivided...

It's not, is it?

I mean most of us are, and we'll get to that in a second, but ALL of us? No way.

Mr. Pill himself gets £190,000, which I think most of us could roughly manage.

The Bank of England (

Picture:

PENNSYLVANIA)

The King is spending £100 million (at a conservative estimate) to buy a new hat next weekend.

The bankers seem to be doing well. The guy who runs British Gas received a £3.7million bonus last month. On top of his £790,000 salary.

The shareholders of our broken railroads have done well, as have private health companies and public utilities.

The rest of us? We'll just have to get used to it. I know I know. But come on.

He is the chief economist of the Bank of England. If he tells us to get used to being worse off, who are we to argue?

I mean, what do we know about soaring food prices, energy bills, mortgages? Or skinned municipalities closing swimming pools and libraries, implementing council tax to try to keep the lights on, choosing between fixing roads or funding welfare?

Or a squeaky NHS? Nurses, police and teachers using food banks?

Rates go up, services get cut, parking fees, potholes, etc.