Boris Johnson wants British workers one for in team and agree to a pay cut in in face of rising cost of living.
Faced with wave of strikes and “summer of dissatisfaction,” prime minister says Wage hikes are not the solution to the surge in prices, warning that: “If wages continue chase growth in prices then we risk wage-price spiral how this country has gone through in 1970s”.
But is he right? Many experts are skeptical and argue that further wage cuts will actually worsen the country’s deep economic situation. problems.
