UK PM Sunak urges bankers to limit pay rises to help fight inflation

British Prime Minister Rishi Sunak said on Tuesday that bankers should limit pay rises this year to help fight against inflation.

Asked at the G20 summit in Indonesia if he would urge banks to show wage restraint as part of the effort to fight inflation, Sunak told ITV: "Of course, I would say to all executives to embrace pay restraint at a time like this and make sure they are also looking after all their workers."

He added: "I'm sure executives of most companies will be thinking about pay settlements for senior management, for their workers, and making sure they are fair."