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Squeeze in England Tests its Economic Medicine
AP reports two months of wage price restraints and credit tightening in Britain aim to curb inflation and boost productivity. The government pursues labor mobility and industry restructuring while facing union resistance and uncertain output. Unemployment edges up in some sectors as firms trim jobs, with Auto Makers and construction hit hardest.
MENTIONED IN THIS ARTICLE
London
Britain
Harold Wilson
Paul Chambers
British Motors Corp
Birmingham
Indus
L Ries
Alltoy
Rodil
Esqrom
Woking Dor Pitinoue
Coalihelp
Bejar
Labor Ministry