The Bank of England governor has recommended workers not to demand pay raises as the country battles decades-high inflation, and wage increases as such could result in a wage-price spiral that will end up hurting the economy even more. “I’m not saying nobody gets a pay rise, don’t get me wrong, but I think, what I am saying, is we do need to see restraint in pay bargaining otherwise it will get out of control,” Governor Andrew Bailey told BBC 4 radio in an interview broadcast on Friday. As Britain faces inflationary pressures not seen in 30 years, the central bank has increased interest rates from 0.25 percent to 0.50 percent. According to estimates, inflation is set on course to cross 7 percent in 2022, which will have a significantly adverse effect on disposable income. The governor’s logic points to a situation where business costs of higher wages would be …