§ 28. Mr. Allan Robertsasked the Chancellor of the Exchequer what is his policy on the level of wage awards in the next pay round.
§ Mr. BiffenWe expect pay settlements to reflect the Government's fiscal and monetary policies. Cash limits in the public services will therefore be set in line with what the taxpayer and ratepayer can afford. Settlements elsewhere must reflect what the firm or industry can afford. To the extent that they do not, inflation will take longer to come down, and the ultimate adjustment will be the more painful.