NBC Evening News for Monday, Feb 19, 1979
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(Studio) Britain's labor unions reported to have become more concerned and responsible in recent years with regard to effect of wage increases on inflation. That agreement on wages noted to be breaking down.
REPORTER: John Chancellor
(London, England) Past agreement between government and labor unions to limit wage increases reported to have helped inflation drop; agreement said rejected by unions last year Prime Min. James Callaghan's request for vol. controls on wages and prices stated. Film shown. [CALLAGHAN - warns of outcome if controls not kept.] Failure of this plan noted. Strikes and threats of them listed, include one by BBC. [MAN - comments on strikes.] [2nd MAN - comments.] Resignation of many British residents to inevitability of wage-price spiral and its results described.
REPORTER: Garrick Utley