UK's Darling defends plan to reform public sector pay |
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Tue, 08 Jan 2008 09:16
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LONDON (Thomson Financial) - Alistair Darling, the UK Chancellor of the Exchequer, has defended his plans to fix public sector pay awards for three years as a useful tool to help families plan their finances, as well as to combat inflation.Darling, speaking on the Today programme on BBC Radio 4, said the stability the planned reform would encourage, both for families and the wider economy, would be 'a very great prize indeed'.He dismissed calls for an opt-out, as demanded by unions, that would allow some bargaining in the event inflation rose significantly during the three-year period.Inflation in the UK has been at a stable level for some time, 'more stable than most other countries in the world', thanks to the independent Bank of England, he said.alex.brittain@thomson.comabr/jlcCOPYRIGHTCopyright Thomson Financial News Limited 2007. All rights reserved.The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
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Conservatives' Cameron challenges Darling to abandon 'ill conceived' CGT plans 