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Boris Johnson has raised the spectre of a 1970s-style “wage-price spiral” that could force the Bank of England to push up interest rates dramatically if workers demand to be compensated for rocketing prices.
Instead the prime minister promised a return to lowering taxes, cutting government spending and slashing regulation, after a renewed push by backbench Conservative MPs.
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workers no chance to survive with cuts
galloping inflations wor
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(11-06-2022, 08:24 AM)singlon Wrote: workers no chance to survive with cuts
galloping inflations wor
Govt linked companies and private sector will cut
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More company will be clearer with their policy.
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(11-06-2022, 08:24 AM)singlon Wrote: workers no chance to survive with cuts
galloping inflations wor
Copied.during recession
Singapore Govt is very good @ stopping any wage increases and stop companies paying yearly bonus.
Company wanting to pay yearly profit sharing also must seek Govts approval of the reasons and amount
(This post was last modified: 11-06-2022, 08:41 AM by
Scythian.)
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(11-06-2022, 08:34 AM)FangFang Wrote: More company will be clearer with their policy.
UK got strong workers union..similar in Australia
Whereas Singapore NTUC is an empty tortoise shell.
(This post was last modified: 11-06-2022, 08:45 AM by
Scythian.)
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..
Politicians need a haircut
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How about asking all the super scale paycheck folks to just take median income as their pay without yearly bonus (retirement bonus to be computed later)?
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At least he is SAVING Public funds cut civil servant job
whereas here we do opposite lol increase civil servant pay
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During pandemic... Only million dollars ministers can give out bonuses to civil servants plus pay increases. Only 1st world government is capable of this jaw dropping feat
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