The pass-the-parcel game

The Bank of England's chief economist says we need to accept that we are poorer. But he's not only talking about workers.

The Bank of England’s chief economist, Huw Pill, says we need to accept that we are poorer and stop trying to “pass the parcel” to someone else. His comments have made a lot of people very angry. How dare a rich economist tell people they must just accept being poor!

The furore that Pill’s comments generated reminded me of the Labour peer Frank Field, w…