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incomes policy |
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incomes policyCollective governmental effort to control the incomes of labour and capital, usually by limiting increases in wages and prices. The term often refers to policies directed at the control of inflation, but it may also indicate efforts to alter the distribution of income among workers, industries, locations, or occupational groups. See also wage-price control. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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No references found | We are all tarred with the same brush since the dodgy but workable prices and incomes policy where prices and salaries were controlled by a Labour Government, the introduction of which was removed by the Tory Thatcher Government along with the carve-up of the railway network. An instrument which combines some of the best aspects of economic and social policy, but which is sometimes neglected, is promoting consensual, equitable approaches to income determination through negotiation of prices and incomes policy. Memories appear to forget the 18 years of Tory misrule when Maggie removed the dodgy but fairer prices and incomes policy and when our economy was more stable than it is now. |
Prices and incomes policy |
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