incomes policy Meaning in the Cambridge English Dictionary
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Meaning of “incomes policy” in the English Dictionary

"incomes policy" in Business English

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incomes policynoun [C]

uk   us   UK
ECONOMICS a ​governmentplan to ​limit inflation by ​controlling the ​amount that ​peopleearn: Unions humiliated the ​government, ​sweeping aside its ​incomespolicy which had ​tried to ​holdpayincreases to 5%.
(Definition of incomes policy from the Cambridge Business English Dictionary © Cambridge University Press)
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