International Finance: UK steps up contingency plans as weeks of strike chaos begin

The measures are among contingency plans due to be discussed at an emergency Cobra meeting on Monday.

The government has agreed to 5% pay rises on average for public-sector workers, and insists inflation-matching increases or above are unaffordable and would undermine the fight against inflation. Handing every government worker an 11% rise would cost taxpayers about £28-billion , the government has said.

The Royal College of Nursing is demanding a pay rise of 5% above the RPI inflation rate – currently at 14.2% – to make up for years of wage restraint.

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PHANTOM SHARES: The Finance Ghost: Banks, Premier, Fortress, Murray & Roberts — the investing week that wasRed, blue or green? It hardly mattered in 2022. No matter your affiliation, it’s been a great time to own a little piece of a bank and the good times may not be over yet.
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