Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
News
All NewsCompaniesIndexesCurrency / ForexCommoditiesCryptocurrenciesETFInterest RatesEconomyThemesSectors 

UK's Hunt says public-sector pay restraint needed to tame inflation

12/09/2022 | 07:23am EST
FILE PHOTO: British Chancellor of the Exchequer Jeremy Hunt talks to a television crew outside the BBC headquarters in London

LONDON (Reuters) - British finance minister Jeremy Hunt said on Friday that he did not wish to see pay rises for public-sector workers that might reduce the pace at which the government expects double-digit inflation to fall.

"We know that the thing that is making them (public-sector workers) most angry is the erosion of their pay through inflation," Hunt told an event hosted by the Financial Times.

"We just have to be really careful not to agree to pay demands that have the opposite of the intended effect, and lock in high inflation," he added.

(Reporting by William James, writing by David Milliken)


ę Reuters 2022
Latest news "Economy"
12:36aLower house of india's parliament adjourned amid uproar as lawma…
RE
12:34aUK new car registrations jump about 14% YoY in January
RE
12:33aIndia's Easy Trip Planners posts profit jump as booking hit record high
RE
12:32aOil prices edge higher as IEA's Birol talks up China demand outlook
RE
12:30aUk new car registrations up about 14% year-on-year in january -…
RE
12:24aINDIA STOCKS-Indian shares fall on rate fears, Adani rout, FII selloff
RE
12:23aINDIA RUPEE-Rupee tumbles as Fed rate-hike bets, equity jitters weigh
RE
12:22aMalaysia end-Jan palm oil stocks seen at 5-month low as output drops: Reuters survey
RE
12:16aEMEA Morning Briefing : Renewed Interest Rate -2-
DJ
12:16aEMEA Morning Briefing: Renewed Interest Rate Fears Could Damp Shares
DJ
Latest news "Economy"