MPC pay rise over inflation at Bank of England

UK - Members of the Bank of England's monetary policy committee saw their pay rise by more than inflation last year, thanks to the standard practice of uprating salaries in line with the government's inflation target. The Bank's annual report also casts doubt on Ian Plenderleith's expected move to the Prudential after leaving the interest rate setting body.

The governor, deputy governors and external members of the MPC all received a 2.5 per cent pay rise last year, the Bank's annual report sh