Congress Criticises Government on Inflation
18 Jan 2007
Congress today (Jan 18) criticised government for its role in exacerbating inflationary pressures in the economy, but said it was still confident that workers would enjoy a net gain, in terms of the pay increases agreed under Towards 2106.
According to Mr Sweeney: "Naturally, this increase is unwelcome, but we are still confident that, over this year and next, workers will enjoy a net gain in pay, as per the terms negotiated in Towards 2106.
"But government must take some of the blame for this latest increase. Before the Budget we warned that government must curb it own inflationary policies and practices, particularly with regard to the bizarre energy regulatory regime which sees huge prices hikes introduced to supposedly stimulate competition. That is driving up prices unnecessarily and is a flawed policy."
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