Chancellor on raising striking public sector workers' wages
Video Credit: ODN - Duration: 00:28s - Published
Chancellor on raising striking public sector workers' wages
Chancellor Jeremy Hunt insists raising striking public sector workers' wages could mean "high inflation is entrenched for longer".
Speaking during a visit to a shopping centre in Woking, he says: "The Bank is very clear that wage pressure is one of the risks that could cause inflation to stay around for longer than we want.
We will talk to the unions about absolutely anything except things that will mean high inflation is entrenched for longer.” Report by Patelr.
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Chancellor Jeremy Hunt says his spring budget must "support" the Bank of England's interest rate rise in an effort to stem inflation. Speaking to reporters during a visit to a shopping centre in Woking, he says: "We recognise it is very difficult for families, businesses, up and down the country when business rates go up. But much harder for them would be if we didn't take decisive steps to bring down inflation. That's why the Bank of England is absolutely right to do what they've done today.” Report by Patelr. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
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