Business

Sunday 05 September

Darling calls for pay restraint

Chancellor Alistair Darling says pay rises for people "from the boardroom to the shopfloor" need to be "consistent" with the 2% inflation target.

He told BBC One's Andrew Marr show the need to keep inflation under control "applies to each and every one of us".

He said above-inflation pay increases would be "extremely damaging".

Mr Darling said the UK economy was "far better equipped" than in the 1970s, 1980s and 1990s...