- UK’s Clarke: Above inflation pay awards, will hinder bringing down inflation
Market news
20 June 2022
UK’s Clarke: Above inflation pay awards, will hinder bringing down inflation
UK Junior Treasury Minister Simon Clarke warned in a statement on Monday, if the government gives above-inflation pay awards, they will be in a difficult place, in terms of bringing down inflation.
Key quotes
"We need to be sensible around pay awards."
"We cannot have inflation-busting pay increases because that will in turn drive the problem we're trying to sort."
“We don't expect a recession.”
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