Meaning of “incomes policy” in the English Dictionary

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"incomes policy" in Business English

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incomes policynoun [ C ]

uk us UK

ECONOMICS a government plan to limit inflation by controlling the amount that people earn:

Unions humiliated the government, sweeping aside its incomes policy which had tried to hold pay increases to 5%.

(Definition of “incomes policy” from the Cambridge Business English Dictionary © Cambridge University Press)