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2024

Новости за 10.10.2024

Baumol’s Cost Disease Comes to Britain

Library of Economics and Liberty 

Britain’s incoming Labour government got a nasty welcoming present in July when independent pay review bodies told ministers that millions of public sector workers should receive a 5.5% pay increase. The cost of this accounts for about half of the £20 billion “black hole” in the budget which Chancellor Rachel Reeves claims to have inherited. 

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