Boris Johnson tells workers to accept pay cuts or UK faces 70s-style “stagflation” Sign up for free to continue reading Sign up for free to continue reading
Workers will have to settle for real-life wage cuts if the UK wants to avoid 1970s-style “stagflation” and rising interest rates, Boris Johnson warned. In a keynote speech, the Prime Minister took a surprising turn on the promise, made just a few months ago, of creating a high-wage economy, rather than highlighting the pain of …