This article is from the source 'bbc' and was first published or seen on . It will not be checked again for changes.

You can find the current article at its original source at http://news.bbc.co.uk/go/rss/-/1/hi/uk_politics/7460475.stm

The article has changed 8 times. There is an RSS feed of changes available.

Version 2 Version 3
Darling calls for pay restraint Darling calls for pay restraint
(10 minutes later)
Chancellor Alistair Darling has called for restraint in pay settlements in the public and private sector.Chancellor Alistair Darling has called for restraint in pay settlements in the public and private sector.
Speaking to the BBC, he said it would be "disastrous" if we "allowed inflation to take hold".Speaking to the BBC, he said it would be "disastrous" if we "allowed inflation to take hold".
The chancellor was speaking a day after it was announced that the rate of consumer inflation was 3.3% in May, the highest level in 10 years.The chancellor was speaking a day after it was announced that the rate of consumer inflation was 3.3% in May, the highest level in 10 years.
The governor of the Bank of England has also warned inflation looks set to top 4% this year.The governor of the Bank of England has also warned inflation looks set to top 4% this year.
"We have got to be vigilant in relation to all pay settlements, public and private," Mr Darling told Radio 4's Today programme."We have got to be vigilant in relation to all pay settlements, public and private," Mr Darling told Radio 4's Today programme.
"If we get back into that [inflationary] spiral it will take years to get out of it," he said."If we get back into that [inflationary] spiral it will take years to get out of it," he said.
He also said there was "no doubt" that the UK economy was slowing down.
The chancellor is to discuss the state of the economy when he delivers his first Mansion House speech later.The chancellor is to discuss the state of the economy when he delivers his first Mansion House speech later.
In his address to the City of London, he is likely to discuss inflation, the cost of oil and house prices.In his address to the City of London, he is likely to discuss inflation, the cost of oil and house prices.
Mr Darling is also likely to address concern over changes to the tax system.Mr Darling is also likely to address concern over changes to the tax system.