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Callaghan can probably count on strong popular support for the new policy. Recent polls suggest that as much as 70% of the country backs tax relief in return for stringent pay restraint. Even the Tories approved; Sir Geoffrey Howe, the Conservatives' shadow Chancellor, admitted that the plan reflected "a greater sense of realism...

Author: /time Magazine | Title: BRITAIN: The 4 1/2% Solution | 5/17/1976 | See Source »

...bargaining is the first major challenge for new Prime Minister James Callaghan. His Labor government is pressing on the T.U.C. a novel proposal: accept another year of stringent wage restraint in exchange for a substantial cut in workers' income taxes. The government's plan, detailed by Chancellor of the Exchequer Denis Healey, calls for limiting pay increases to 3% (an average of $3.70 per week) over the twelve months starting Aug. 1. That is the expiration date for present voluntary wage controls, which limit all raises to ?6 (at present exchange rates, a bit less than...

Author: /time Magazine | Title: BRITAIN: Crucial Showdown over Pay | 5/10/1976 | See Source »

...effect, New York held 39 separate elections yesterday, one in each congressional districts. New York's stringent and complex proceedures for getting delegates on the ballot made it impossible for the candidates to field slates in every district. Udall had slates in 37 and Jackson in 35, while challenges by the Jackson forces to petitions filed for Carter delegates left Carter with slates in only 27 districts...

Author: By Thomas S. Blanton and James Gleick, SPECIAL TO THE CRIMSONS | Title: Jackson, Carter and Ford Win N.Y., Wisc. Primaries | 4/7/1976 | See Source »

...food and housing subsidies in return for restraint on wage demands. He won the election but soon learned that restraint was out of the question. Social contract or no, the unions forced up wages. Faced with a 23.4% inflation rate, the highest in Europe, Wilson last year imposed a stringent ceiling on wage hikes; last month he tightened the screws further, announcing a "new industrial strategy" for cutting social services while aiding business growth...

Author: /time Magazine | Title: The World: Man for a Season of Decline | 3/29/1976 | See Source »

...Colorado, almost everything from banks and insurance companies to barbers and dance schools is licensed by state agencies. The Board of Cosmetology, for one, is so stringent about problems like split ends and sensitive scalps that it requires a hairdresser trainee to undergo 1,650 hours of instruction, including a full 100 hours of supervised shampooing...

Author: /time Magazine | Title: Nation: Sunset in Colorado | 3/22/1976 | See Source »

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