Amory Wants Wage Cuts
By Tom Mercer
1958The NewsletterTom Mercer Read the scan at ETOL (PDF) →Read from the scan by machine and not corrected: headlines and words can be misread, and a caption or advert can run into the text. For anything you quote, read the scan.
and More on Deoie THE main aspect of this week’s Budget is that it continues the Tory offensive against wages. That is why. it makes very few changes in the overall tax position. — ‘At home our first priority must continue to be to finish winning the battle against inflation,’ said Mr Amory, in spite of the American depression and almost. official recognition that its impact on the British and European economy will be considerable.
Amory is still fighting inflation—despite the fact that Britain’s top five best customers after the USA itself (Australia, Canada, India, South Africa and New Zealand) have all suffered serious loss in income through the fall in basic commodity prices and will therefore be unable to buy as much from Britain this year as last.
Amory said himself that the reason why he is continuing the policy of investment restriction,. dear money etc.—even