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Economy

Britain’s Treasury chief vows to run the economy with ‘iron discipline’ amid demands for pay raises

LONDON (AP) — Britain’s new Treasury chief said Sunday she will run the economy with “iron discipline,” but suggested she’ll give public sector workers an above-inflation pay raise to help end a wave of strikes and strife.The Labour Party government is under pressure from supporters and trade unions to spend more on salaries and welfare benefits, two weeks after it was elected on promises not to hike personal taxes or increase public borrowing,“I think people know that things are a mess,” Treasury chief Rachel Reeves told the BBC, arguing the...
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