Economic news

UK PM Boris Johnson urges restraint on public pay

2022.06.25 11:01

UK PM Boris Johnson urges restraint on public pay
FILE PHOTO: Rail workers stand at a picket line while on strike outside Waterloo station, on the third day of national rail strikes, in London, Britain, June 23, 2022. REUTERS/Henry Nicholls

LONDON (Reuters) – British Prime Minister Boris Johnson said on Saturday that public pay could not be raised sharply, as demanded by trade unions, because it would risk fuelling a further rise in inflation.

“What we can’t have is a situation in which increases in pay are just wiped out by further increases in prices, and so that’s why you’ve got to be responsible,” Johnson told Sky News.

Johnson also said that “overall” the Bank of England had done an outstanding job managing inflation over the past 25 years and he said the recent surge in price growth was due to global inflation problems.

Source

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 83,009.24 0.63%
ethereum
Ethereum (ETH) $ 1,902.84 0.05%
tether
Tether (USDT) $ 1.00 0.00%
xrp
XRP (XRP) $ 2.28 3.01%
bnb
BNB (BNB) $ 630.14 0.41%
solana
Solana (SOL) $ 124.33 3.52%
usd-coin
USDC (USDC) $ 1.00 0.00%
cardano
Cardano (ADA) $ 0.704583 1.34%
dogecoin
Dogecoin (DOGE) $ 0.1677 2.89%
tron
TRON (TRX) $ 0.222029 4.16%
staked-ether
Lido Staked Ether (STETH) $ 1,901.59 0.19%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 82,895.21 0.58%
leo-token
LEO Token (LEO) $ 9.79 0.00%
chainlink
Chainlink (LINK) $ 13.87 1.12%
the-open-network
Toncoin (TON) $ 3.46 4.51%
usds
USDS (USDS) $ 1.00 0.00%
stellar
Stellar (XLM) $ 0.266663 2.08%
wrapped-steth
Wrapped stETH (WSTETH) $ 2,278.12 0.39%
pi-network
Pi Network (PI) $ 1.15 18.29%
hedera-hashgraph
Hedera (HBAR) $ 0.186151 3.90%
avalanche-2
Avalanche (AVAX) $ 18.63 0.04%
shiba-inu
Shiba Inu (SHIB) $ 0.000013 5.13%
sui
Sui (SUI) $ 2.32 1.00%
litecoin
Litecoin (LTC) $ 89.87 4.15%
mantra-dao
MANTRA (OM) $ 6.88 0.06%
bitcoin-cash
Bitcoin Cash (BCH) $ 332.32 1.57%
polkadot
Polkadot (DOT) $ 4.26 3.61%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.05%
bitget-token
Bitget Token (BGB) $ 4.43 0.22%
weth
WETH (WETH) $ 1,904.50 0.03%
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.999854 0.12%
hyperliquid
Hyperliquid (HYPE) $ 13.08 2.88%
whitebit
WhiteBIT Coin (WBT) $ 28.35 0.01%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,022.93 0.05%
monero
Monero (XMR) $ 210.67 0.21%
uniswap
Uniswap (UNI) $ 6.20 0.18%
susds
sUSDS (SUSDS) $ 1.04 0.08%
dai
Dai (DAI) $ 1.00 0.01%
aptos
Aptos (APT) $ 5.25 2.16%
okb
OKB (OKB) $ 52.03 4.09%
near
NEAR Protocol (NEAR) $ 2.56 0.04%
pepe
Pepe (PEPE) $ 0.000007 6.98%
internet-computer
Internet Computer (ICP) $ 5.82 1.51%
mantle
Mantle (MNT) $ 0.822352 0.91%
gatechain-token
Gate (GT) $ 21.78 0.12%
ethereum-classic
Ethereum Classic (ETC) $ 17.60 0.93%
tokenize-xchange
Tokenize Xchange (TKX) $ 32.98 10.60%
ondo-finance
Ondo (ONDO) $ 0.831286 0.97%
aave
Aave (AAVE) $ 171.64 1.82%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 83,046.25 0.61%