Poor old Mervyn
Wasn’t it good of
Mervyn King, the Governor of the Bank of England, not to accept a pay rise of
£100,000? What a model/example of restraint to us all! Instead he would only
take 2.5% pay increase each year for the next five years, out of his annual
salary of £289,551. We must feel sorry for him. That means he will only get a
bit more than £7,000 pay increase this year. How did anyone work out that he
should get such a pay rise in the first place? The way the economy has been going
over the last year, it can’t be.
