The Bank of England’s chief economist has said that people need to accept that they are poorer and stop asking for pay rises.
Huw Pill told a podcast that there was a reluctance in the UK to accept that “we’re all worse off and we all have to take our share”.
Pill, who earns an annual salary of £190,000 according to The Guardian, added that people need to “stop trying to maintain their real spending power by bidding up prices whether through higher wages or passing energy costs on to customers etc.”
The comments from Mr Pill come at a time of unprecedented national strikes across the public sector, with more than 133,000 public and civil servants set to walk out on 28 April.
Mr Pill told the Columbia Law School’s Beyond Unprecedented podcast: “The UK, which is a big net importer of natural gas, is facing a situation where the price of what you’re buying from the rest of the world has gone up a lot, relative to the price of what you’re selling to the rest of the world, which is mainly services in the case of the UK.
“You don’t need to be much of an economist to realise that if what you’re buying has gone up a lot relative to what you’re selling, you’re going to be worse off.
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“So, somehow in the UK, someone needs to accept that they’re worse off and stop trying to maintain their real spending power by bidding up prices whether through higher wages or passing energy costs on to customers etc.
“What we’re facing now is that reluctance to accept that, yes, we’re all worse off and we all have to take our share; to try and pass that cost onto one of our compatriots and saying, ‘we’ll be alright, but they will have to take our share too’.
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“That pass-the-parcel game that’s going on here, that game is one that’s generating inflation, and that part of inflation can persist.”
Deliveroo is set for a multi-billion dollar buyout from a takeaway rival
Danny Jones
UK takeaway service Deliveroo is set for a massive takeover by a fellow delivery business rival, said to be worth several billion.
The British multinational is known nationwide, occupying one of the biggest market shares alongside competitors Just Eat and Uber Eats, but now the takeaway delivery service is set to be swallowed up by an even bigger brand based in the US.
As reported on Tuesday, 6 May, American delivery firm DoorDash – the biggest of its kind in the States – looks set to complete an estimated £2.9 billion buyout, which will see Deliveroo folded into their growing global portfolio.
This massive deal will see the company’s presence in more than 40 countries further consolidated, already serving somewhere in the region of 50 million customers every month.
US meal delivery firm DoorDash will buy British rival Deliveroo for $3.85 billion. The acquisition will help DoorDash grow its market share in Europe and compete against Just Eat and Uber Eats. Read more: https://t.co/x4dSgRp8Flpic.twitter.com/oeE44CjMYN
According to the likes of Reuters, Bloomberg and BBC, DoorDash is offering 180p per share, which is a 44% increase on Deliveroo’s share price from the point when initial takeover talks were made public in April 2025.
Founded by chief executive Will Shu back in 2013, Deliveroo is now considered one of the big three in the food delivery industry’s UK scene, but is set to get much bigger under the DoorDash umbrella.
As for DoorDash, CEO and co-founder Tony Xu went on to add: “Coming together with teams that have similar visions and values accelerates our work to achieve that mission. Deliveroo is just such a team and one that I have long admired.
“Like DoorDash, Deliveroo is obsessively focused on their customers – consumers, merchants, and riders. They work day in and day out to improve their consumer value proposition, bring new services to local businesses, and offer flexibility and support to riders.”
Scouting For Girls on Chesney Hawkes, Manchester gigs, Old Trafford and new tour
Thomas Melia
In case you missed it, British boyband and pop-rockers Scouting For Girls have announced a 20-date UK tour for early next year.
They’re already planning potential set lists for the tour already including some very special surprises as well as an entire brand new album.
Lead vocalist Roy Stride reminisces on life in a boyband, career highlights and just how excited he is to play Manchester once again.
After playing at Manchester Cathedral earlier this year, the boys are coming back to one of Manchester’s city centre music venues for a 15-year anniversary tour for their sophomore LP, Everybody Wants To Be On TV.
With the announcement of a new tour, can we expect any new music to coincide with this?
We have announced a new album that will come out after our tour. This tour is all about celebrating the second album, we’re going to slip in maybe one or two new songs into the setlist as we go, though.
How excited are you to be coming back to Manchester after the reception of your cathedral gig earlier this year?
That Manchester Cathedral gig was like it, I was gonna say biblical, but it really, it really, like, it was an amazing place to play it and it, it was unlike any gig we’d done before. Audience participation and people singing along works so well in a cathedral.
It really was a great feeling.
Are there any songs that you’ve put out on Everybody Wants To Be On TV that have grown on you over time or become your favourite all these years later?
There’s a song on there called ‘Posh Girls’ which I still can’t believe we put on the record, but it’s so ridiculous and fun, you know, that’s probably a real favourite of mine. It’s a real live favourite too.
Scouting for Girls are heading to O2 Apollo in Manchester early next year.Credit: Press Shot
This time round you’re playing O2 Apollo and in the past you’ve played multiple venues in our city centre, which has been your favourite?
Night and Day Cafe and O2 Apollo but we’ve even played old Trafford. We played in between a football or rugby game, that was pretty epic.
There’s a video which went round our band and crew WhatsApp group of the first time we played [O2 Apollo] in 2010, like when the album first came out.
We played the Royal Albert Hall the night before with these trumpet players, and they got really drunk and ended up staying on the tour bus with us. The trumpet players weren’t supposed to be there, but we hid them in the Manchester crowd and got them to play this fanfare intro.
It was really bad because they were just incredibly hung over, it was all over the place and our guitarists’ were just filming it but it’s still a real core memory for me.
It’s not just Manchester you’re stopping off at either, you’re playing a 20 date UK tour, how are you feeling ahead of playing a tour this big?
I love traveling around the country. I love being on a tour bus. I love getting a show really good. Our shows are quite fluid and they change, and the setlists change, but when you get really tight on tour it’s a magical place because you go on stage and you know, whatever happens, it’s going to be amazing.
And in fact, the weirdest stuff that happens, whether I end up in the crowd or the balcony, doing a conga – it’ll be a great night every night.
On your album you have a song titled ‘Michaela Strachan’, you all met for the first time last year at your Shepherd’s Bush show – Have you considered the potential of her joining you on stage during this song?
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Maybe. I don’t know, however, I’m quite a good friend of Chesney Hawkes, who was just in the Big Brother house, and he was supposed to play a couple of songs last tour.
He was going to pop up and play like ‘The One and Only’ at one of our shows last year and we couldn’t make it happen because our guitarist ended up having a baby early and we didn’t have enough time to do it. I think we will have to play ‘Michaela Strachan’ on tour, though.
You have a song titled ‘Elvis Ain’t Dead’ named after the rock ‘n’ roll legend, besides the Memphis icon, who are your favourite music legends?
I’ve got a holy trinity: The Beatles, The Beach Boys and The [Rolling] Stones, everything goes back to those bands for me.
I also like REM I’d love for them to get back together. They were one of the first bands I saw and when they split up I honestly mourned when they split us up, I was depressed for like two weeks. Their last album was so good.
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They’ve done a few shows now so I don’t whether they’ll get back together, but that is definitely something I would love to see.
With this tour celebrating the remarkable 15 year anniversary of Everyone Wants To Be On TV, are there any songs off this project you wish fans showed more attention to when the album initially came out?
There was a song called ‘Take A Chance’ which was the last single, I hadn’t listened to the album for many years but going back and listening to it properly there’s some really good moments on it.
You spoke on social media about your single ‘The Place We Used To Meet’ and the album of the same name being very personal to you. Did fans respond the same way they did to your first few records?
It was a slightly different record. I suppose the songs were a bit more like this inner love song in terms of being more introspective, a bit more ballady. We still had an amazing response to it and we’re really, really proud of that album. But I don’t think it had like a banger like our first records.
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If you could pick one song off The Place We Used To Meet that each of you connects to the most, what would it be and why?
Glow. It was one of the singles and it’s all about how I sort of met my wife and how we met in Tokyo, got engaged, went back to Tokyo and I proposed to her. I went and did a video [for ‘Glow’] in Tokyo too. So it’s really special.
I think we’re working out what songs we’re going to put in the festival set but I think that’s still got to be in there.
Have there been any moments in your career that have made you feel like ‘The Luckiest Boy In The World’?
‘This Ain’t A Love Song’, because it went to number one and we got to play ChristmasTop of the Pops. It was a massive thing for us – that was definitely a bucket list moment.
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We also made Pete, our drummer, wear a Santa costume and told him we were all going to dress up, then we walked out the dressing rooms and he was the only one in an outfit, so he’s just there with this whole Santa costume and beard set while we’re just dressed looking normal.
To this day, he can’t prove that he was actually on Top of the Pops because it just looks like a guy with a massive beard.
Scouting for Girls are heading out on tour to celebrate 15 years of ‘Everybody Wants To Be On TV’.