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Unions respond to Boris

today23/06/2022

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Unions respond to Boris

Unions have reacted to Boris Johnson’s warning of a ‘ wage price spiral’

Unions have reacted with anger to a warning from Boris Johnson of a “wage-price spiral” if pay packets increase in line with soaring inflation, saying his claims are “nonsense”.

TUC deputy general secretary Paul Nowak said energy prices are pushing up inflation, not wages.

He said: “It hasn’t taken long for the Prime Minister to abandon his commitment to a high-wage economy.

“These claims are nonsense. The only way to give families long-term financial security is to get pay rising across the economy.

Published: by Radio NewsHub

Written by: Radio News Hub


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Johnson warns of ‘wage-price spiral’ if pay packets rise with inflation

Boris Johnson warned of a 1970s-style “wage-price spiral” if pay packets increase in line with soaring prices as he set out an extension of the right to buy scheme to housing association tenants. The Prime Minister also announced a “benefits to bricks” scheme on Thursday to allow welfare payments to secure mortgages as he sought to get his embattled premiership back on track. Mr Johnson pledged a review of the […]

today23/06/2022