Britons cannot expect pay rises to keep up with the soaring cost of living, the government has warned.
Treasury Chief Secretary Simon Clarke has said matching salaries to inflation risked causing prices in the shops to surge even higher.
His intervention comes as more than 40,000 staff prepare for a three-day strike that will cripple large swathes of the UK’s train network.
The RMT union has said it is “unacceptable for railway workers to either lose their jobs or face another year of a pay freeze” when inflation is at a 40-year high.
Unprecedented warnings… Left right and center from central banks around the world.
The US is in trouble. Leading to other world central, reserve, state banks to warn there citizens of the impending effects to come…
The situation in Sri Lanka is a warning for all developed countries. – Of which developed countries are also not immune too. Developed countries can eventually lead to such a situation in the near future.
A very dire situation is evolving.
Americans especially must prepare for what is to come.
I saw this coming over a couple of years ago.
Its so obvious.
The only asset worth anything right now is… Time…
MICHIGAN POLICE WILL NO LONGER RESPOND TO EVERY 911 CALL DUE TO HIGH GAS PRICES
h/t Hyper Star