@pippacrerar : Chief Sec Simon Clarke says private/public sectors shouldn't expect inflationary pay rises this year. Real terms cuts all round. "We can't get into a world where we're chasing inflation expectations in that way. That's the surest way to bake in a repeat of the 19750s". • TwiCopy

Pippa Crerar

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Political Editor, The Guardian @pippacrerar.bsky.social

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linkhttp://www.theguardian.com calendar_today06-04-2010 11:02:15

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Pippa Crerar

@pippacrerar

3 years ago

Chief Sec Simon Clarke says private/public sectors shouldn't expect inflationary pay rises this year. Real terms cuts all round. "We can't get into a world where we're chasing inflation expectations in that way. That's the surest way to bake in a repeat of the 1970s".

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