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Sorry for being apocalyptic but that is a major concern.” “It’s a societal question, but I am not preaching about this. I was asked if I have taken a pay rise myself this year and I said no, I had asked the Bank not to give me one, because I felt that was the right thing for me personally. “It is a major worry for this country and a major worry for the developing world. “The Ukrainian finance minister said that there is food in store but they can’t get it out,” he told MPs. The governor said “we are walking a very narrow path” between surging inflation and risks to growth, and stressed that the war in Ukraine has led to an unpredictable jump in inflation, warning there is still a “major worry” over further rises in food costs due to the conflict.