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Man of the people Andrew Bailey has pledged to meet with care workers after suggesting people should show “restraint” when asking for pay rises

The Bank of England governor made the commitment after being summoned by the Treasury Select Committee to face tough questions on inflation. 

Labour’s Angela Eagle picked up on Bailey’s remark and made sure his defence tumbled faster than the Russian rouble. He insisted that his plea was aimed at helping prevent further inflation spikes.

But when Eagle questioned Bailey on how much he earns, his computer appeared to say “no”. “Um, it’s somewhere over £500,000 – I can’t tell you exactly what it was, I don’t carry that around my head.” Eagle replied: “I think including pension it was £575,000.”

To add to his embarrassment, Eagle reminded Bailey of an invitation from the GMB Union to shadow a low-paid care home worker – who on average earns £9 per hour – to which he confirmed he would “certainly” do “because it is an important sector”.