The UK Treasury Secretary Simon Clarkewarned on Monday in a statement that if the Government bonus or salary increases above inflation, it will find itself in a difficult situation, in terms of reducing inflation.
Featured Statements
“We have to be sensible about bonuses or salary increases“.
“We can’t have wage increases above inflation because that, in turn, will drive the problem that we’re trying to solve.”
“We don’t expect a recession.”
“People don’t get into the mindset of buying things today because they’re afraid they’ll be more expensive tomorrow.” “
“The long-term prospects for the British economy are indeed positive“.
market reaction
The GBP/USD remains unshaken around 1.2230, up 0.08% so far.
Source: Fx Street
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