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Prime Minister Harold Wilson proposed the incomes policy in July as a last-ditch measure to curb the nation's disastrous 26.3% annual inflation rate. The TUC's willingness to look beyond narrow conceptions of economic self-interest raised at least tentative hopes that the nation might be moving finally toward recovery. Chancellor of the Exchequer Denis Healey warned, however, that cost increases already in the pipeline will go on pushing up prices for several months before "the benefits of the lower pay settlements are reflected in the shopping basket." Continued price increases almost inevitably will bring...

Author: /time Magazine | Title: Business: THE POLITICS OF ENVY | 9/15/1975 | See Source »

This contract represents an agreement to moderate wage demands that Wilson wrung out of the Trades Union Congress (TUC) last month. But some of the largest unions were publicly unenthusiastic about the contract. If elected, Wilson may find himself in a situation similar to the one in which he found himself in 1966, when he was forced to introduce wage controls after a few months in office...

Author: By Paul K. Rowe, | Title: A Glorious Revolution? | 10/9/1974 | See Source »

...government by forcing large wage increases. The Conservatives, on the other hand, will exacerbate the situation the way they did during the coal strike last winter. Wilson's power over the unions, however, has largely disappeared. Not only have the big unionists--like Len Murray, secretary-general of the TUC, Hugh Scanlon of the engineers union and Jack Jones of the Transport Workers--proved that they are the most powerful men in Britain, but most of Wilson's own party is now solidly behind them...

Author: By Paul K. Rowe, | Title: A Glorious Revolution? | 10/9/1974 | See Source »

Light That Failed. The heaviest fighting took place last week at the village of Bo Tuc, 82 miles northwest of Saigon in Tayninh province, six miles from the Cambodian border. Promptly at midnight, at the sound of five thumps on a bamboo drum, hundreds of Viet Cong guerrillas stormed from the tall grass, quickly overran two outposts manned by four civil guards. Their main objective was a large defense post in the center of the village occupied by 78 guards and militiamen...

Author: /time Magazine | Title: South Viet Nam: The Test to Come | 3/16/1962 | See Source »

...London Daily Herald, whose largest stockholder (49%) is TUC, made an investigation of its own, pooh-poohed the Bevin theory, warned that continued "drain of skilled men into the forces" is leaving gaping holes in war industry that cannot be plugged. Bawled Bevin, an old TU Congressman himself: "A paper that I helped to build-a working-class paper -is carrying on a nagging, quisling policy. ... I am disqusted with the business since I left...

Author: /time Magazine | Title: GREAT BRITAIN: Work or Fight? | 10/13/1941 | See Source »

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