incomes policy

(redirected from Wage restraint)
Also found in: Financial.

incomes policy

n
(Economics) See prices and incomes policy

incomes policy

A government policy of keeping wage increases under control in order to reduce or prevent inflation.
Translations

incomes policy

npolitica dei redditi
References in periodicals archive ?
Unite said that, since successive Conservative governments introduced a series of pay freezes and wage restraint policies in 2010, the pay of local government workers has fallen by 21% in real terms.
Unite said that since successive Conservative governments introduced a series of pay freezes and wage restraint policies in 2010 the pay of local government workers has fallen by 21% in real terms.
The Unison survey of 11,000 highlights how years of wage restraint have left them struggling.
The energy subsidy reform, wage restraint, and the new VAT have all contributed to reducing the fiscal deficit and helped free up space for social spending to support the poor.
Lipton added that the fiscal consolidation measures, such as energy subsidy reform, wage restraint, and the new VAT, have all contributed to reducing the fiscal deficit and helped free up space for social spending to support the poor.
Teachers' pay to rise 1% TEACHERS' pay will remain capped at 1%, the Department for Education announced, as the Government sticks to public sector wage restraint.
If inflation lets rip, the last the Government wants is a 1970s-style confrontation with unions over the need for wage restraint.
And hard-pressed crews, subjected to years of government-enforced wage restraint, say they would rather the money is spent on more full time staff.
Prepare, then, for a craze for treadmill desks and wage restraint to pay for them; and for indoor walking tracks complete with traffic lights and mandatory sign-up for two-minutes slots each hour.
We are also told that we must tighten our belts and wage restraint is the order of the day.
What we see from this survey is that employers and employees have been remarkably responsible throughout the recession, accepting wage restraint whilst working hard to keep businesses viable.
They know that they are facing increased costs in the paying for the essentials of life and that they are having to cope with that reality after four years of deliberate wage restraint as this Government makes ordinary men and women pay for the gross failures of the banking and monetary system.