With wage restraint playing a key part in Britain's fight against inflation, the outcome of tripartite pay talks — due to take place in the summer — is attracting mounting speculation both at home and abroad. Engineering union president, Hugh Scanlon, Shadow Chancellor, Sir Geoffrey Howe, and the CBI's director general, Sir Campbell Adamson, talk exclusively to Industrial Management about the merits and flaws of the present policy and the prospects for a “phase two” agreement at the end of July.
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