BRITAIN: Crucial Showdown over Pay

Powerful, fractious and strike prone, Britain's labor unions have contributed heavily over the years to the sagging productivity and destructive wage inflation that have brought their nation to the brink of economic disaster. Last summer it took the threat of imminent economic collapse to win agreement by the unions to a voluntary limit on pay. This week Britain faces another crucial test of its ability to get labor cooperation in surmounting the nation's frightening economic woes. Leaders of the Trades Union Congress have set themselves a deadline of Wednesday for deciding whether to agree to a government proposal for...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!