Pay rises worry CB
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THE Confederation of Brits' dustry says the Govern ii should not use its canting' reserve to finance exCIN public sector pay increases.
This coincides with the lat. of the CBI's pay campaign tc courage employers to keep settlements in the coming round at a low level in a bi restore Britain's internatic competitiveness.
In a letter to Leon Britan, C Secretary to the Treasury, Terence Beckett, director-. eral of the CBI expres concern that estimates of I emment spending for 198 had been increased by £11.5 This sum is greater than total National Insurance co butions and surcharge pai( employers other than Gov ment, Sir Terence pointed a equates to a reduction of a I in all rates of income tax c about twice the expected tax royalty yield from the Northl "It appears that the incre, have been concentrated in areas of current, rather I capital, expenditure. There we recommend that any creases in current expendi programmes proposed for coming year are financed cuts in other current expendi programmes."