People in the UK feel "frustrated and squeezed" because their pay has flatlined for a decade, the Bank of England's chief economist, Andy Haldane told BBC Newsnight.
"We've gone through, for most people, a pretty extraordinary, almost unprecedented period of real take home pay having flatlined for the better part of a decade, and that is well beyond anyone's historical experience. And understandably people are feeling frustrated and squeezed by that squeeze on their purchasing power in the shops," Haldane said.
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